Which among the following is the incorrect statement about the Reserve Bank of India?

Central Bank accepts deposits from the public and provides loan to the public

The correct answer is Option (4) → Central Bank accepts deposits from the public and provides loan to the public

Central banks like the RBI do not accept deposits from the public or provide loans directly to the public. Their primary functions involve regulating the banking sector, controlling the money supply, acting as the banker to the government, and maintaining financial stability. It is the commercial banks which accepts deposits from the public and provides loan to the public.