Question

describe the functions of The Reserve Bank of India​

Answer 1

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Reserve Bank of India (RBI) is the central bank of the country. RBI is a statutory body. It is responsible for the printing of currency notes and managing the supply of money in the Indian economy. Initially, the ownership of almost all the share capital was in the hands of non-government shareholders.

Answer 2

Explanation:

The preamble of the Reserve Bank of India describes its main functions as: ..to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage.