Question

35.
The Reserve Bank of India (RBI) was established under a special Act of the Parliament, that
lays down the objects, powers and functions of the Corporation. It was established on 1st
April, 1935 in accordance with the provislons of The Reserve Bank of India Act, 1934. RBI
formulates, implements and monltors the monetary policy and its main objective is to
maintain price stability while keeping in mind the objective of growth. How will you classify
the Reserve Bank of India as a form of public sector enterprise? Also, state merits of this
type of public sector Enterprise.​

Answer 1

Explanation:

Merits are -

1.Protects the public from unfair practices

2.Do work for the welfare.

3.Protection concerned on large scale.