Question

analyse the work of reserve bank of india​

Answer 1

Answer:

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Explanation:

: The Reserve Bank of India has the sole right to issue currency notes except one rupee notes which are issued by the Ministry of Finance. Currency notes issued by the Reserve Bank are declared unlimited legal tender throughout the country.This concentration of notes issue function with the Reserve Bank has a number of advantages: (i) it brings uniformity in notes issue; (ii) it makes possible effective state supervision; (iii) it is easier to control and regulate credit in accordance with the requirements in the economy; and (iv) it keeps faith of the public in the paper currency.

Answer 2

Answer:

1. Issue the currency on behalf of Government of India .
2. Issues guidelines regrading working culture of bank and SHG .
3. Give directions regarding terms and interest on credit .
4. To provide feedback regarding monetary policies to government of India
5. RBI holds a part of the cash reserve of the bank .