Conclusion on Role of rbi in indian economy
Answers
Answer:
Reserve Bank of India (RBI) is India's Central bank. It plays multi-facet role by executing multiple functions such as overseeing monetary policy, issuing currency, managing foreign exchange, working as a bank of government and as banker of scheduled commercial banks, among others.
Answer:
It has a much bigger role to play in our economy.
Explanation:
Step 1: It considerably boosts our economy's contribution. As our country's central bank, it is only natural that its principal objectives are to control the money supply in the economy and keep inflation at a healthy level so that the economy may operate at its maximum capacity. RBI is the lender to the Indian government.
Step 2: To assist the country's economic growth in a fair, balanced, and sustainable manner; to ensure that banks and the government have access to financial services; To guarantee an honest, efficient, inclusive, and competitive finance and payment system;
Step 3: To sum up, banking plays a significant role in our daily life. All law-abiding people must adhere to the financial system. The nation's financial system and general economic structure both rely on the banking sector as a crucial basis.
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