Question

Classify the functions of RBI.​

Answer 1

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ᴍᴏɴᴇᴛᴀʀʏ ᴀᴜᴛʜᴏʀɪᴛʏ

• ғᴏʀᴍᴜʟᴀᴛɪɴɢ ᴀɴᴅ ɪᴍᴘʟᴇᴍᴇɴᴛɪɴɢ ᴛʜᴇ ɴᴀᴛɪᴏɴᴀʟ ᴍᴏɴᴇᴛᴀʀʏ ᴘᴏʟɪᴄʏ.

• ᴍᴀɪɴᴛᴀɪɴɪɴɢ ᴘʀɪᴄᴇ sᴛᴀʙɪʟɪᴛʏ ᴀᴄʀᴏss ᴀʟʟ sᴇᴄᴛᴏʀs ᴡʜɪʟᴇ ᴀʟsᴏ ᴋᴇᴇᴘɪɴɢ ᴛʜᴇ ᴏʙᴊᴇᴄᴛɪᴠᴇ ᴏғ ɢʀᴏᴡᴛʜ.

ʀᴇɢᴜʟᴀᴛᴏʀʏ ᴀɴᴅ sᴜᴘᴇʀᴠɪsᴏʀʏ.

• sᴇᴛ ᴘᴀʀᴀᴍᴇᴛᴇʀs ғᴏʀ ʙᴀɴᴋs ᴀɴᴅ ғɪɴᴀɴᴄɪᴀʟ ᴏᴘᴇʀᴀᴛɪᴏɴs ᴡɪᴛʜɪɴ ᴡʜɪᴄʜ ʙᴀɴᴋɪɴɢ ᴀɴᴅ ғɪɴᴀɴᴄɪᴀʟ sʏsᴛᴇᴍs ғᴜɴᴄᴛɪᴏɴ.

• ᴘʀᴏᴛᴇᴄᴛ ɪɴᴠᴇsᴛᴏʀs ɪɴᴛᴇʀᴇsᴛ ᴀɴᴅ ᴘʀᴏᴠɪᴅᴇ ᴇᴄᴏɴᴏᴍɪᴄ ᴀɴᴅ ᴄᴏsᴛ-ᴇғғᴇᴄᴛɪᴠᴇ ʙᴀɴᴋɪɴɢ ᴛᴏ ᴛʜᴇ ᴘᴜʙʟɪᴄ.

ғᴏʀᴇɪɢɴ ᴇxᴄʜᴀɴɢᴇ ᴍᴀɴᴀɢᴇᴍᴇɴᴛ

• ᴏᴠᴇʀsᴇᴇs ᴛʜᴇ ғᴏʀᴇɪɢɴ ᴇxᴄʜᴀɴɢᴇ ᴍᴀɴᴀɢᴇᴍᴇɴᴛ ᴀᴄᴛ, 1999.

• ғᴀᴄɪʟɪᴛᴀᴛᴇ ᴇxᴛᴇʀɴᴀʟ ᴛʀᴀᴅᴇ ᴀɴᴅ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ᴏғ ғᴏʀᴇɪɢɴ ᴇxᴄʜᴀɴɢᴇ ᴍᴀʀᴋᴇᴛ ɪɴ ɪɴᴅɪᴀ.

ᴄᴜʀʀᴇɴᴄʏ ɪssᴜᴇʀ

• ɪssᴜᴇs, ᴇxᴄʜᴀɴɢᴇs ᴏʀ ᴅᴇsᴛʀᴏʏs ᴄᴜʀʀᴇɴᴄʏ ᴀɴᴅ ɴᴏᴛ ғɪᴛ ғᴏʀ ᴄɪʀᴄᴜʟᴀᴛɪᴏɴ.

• ᴘʀᴏᴠɪᴅᴇs ᴛʜᴇ ᴘᴜʙʟɪᴄ ᴀᴅᴇǫᴜᴀᴛᴇʟʏ ᴡɪᴛʜ ᴄᴜʀʀᴇɴᴄʏ ɴᴏᴛᴇs ᴀɴᴅ ᴄᴏɪɴs ᴀɴᴅ ɪɴ ɢᴏᴏᴅ ǫᴜᴀʟɪᴛʏ.

ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛᴀʟ Rᴏʟᴇ

• ᴘʀᴏᴍᴏᴛᴇs ᴀɴᴅ ᴘᴇʀғᴏʀᴍs ᴘʀᴏᴍᴏᴛɪᴏɴᴀʟ ғᴜɴᴄᴛɪᴏɴs ᴛᴏ sᴜᴘᴘᴏʀᴛ ɴᴀᴛɪᴏɴᴀʟ ʙᴀɴᴋɪɴɢ ᴀɴᴅ ғɪɴᴀɴᴄɪᴀʟ ᴏʙᴊᴇᴄᴛɪᴠᴇs.

ʀᴇʟᴀᴛᴇᴅ ғᴜɴᴄᴛɪᴏɴs

• ᴘʀᴏᴠɪᴅᴇs ʙᴀɴᴋɪɴɢ sᴏʟᴜᴛɪᴏɴs ᴛᴏ ᴛʜᴇ ᴄᴇɴᴛʀᴀʟ ᴀɴᴅ ᴛʜᴇ sᴛᴀᴛᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛs ᴀɴᴅ ᴀʟsᴏ ᴀᴄᴛs ᴀs ᴛʜᴇɪʀ ʙᴀɴᴋᴇʀ.

• ᴄʜɪᴇғ ʙᴀɴᴋᴇʀ ᴛᴏ ᴀʟʟ ʙᴀɴᴋs: ᴍᴀɪɴᴛᴀɪɴs ʙᴀɴᴋɪɴɢ ᴀᴄᴄᴏᴜɴᴛs ᴏғ ᴀʟʟ sᴄʜᴇᴅᴜʟᴇᴅ ʙᴀɴᴋs.

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Answer 2

Answer:

functions of RBI:

Explanation:

• Issue of Bank Notes:
• Banker to Government:
• Custodian of cash reserves of commercial banks:
• Custodian of country's foreign currency reserves:
• Leader of last resort:
• Central clearance and accounts settlement:
• Controller of credit:

Hope it help you