Question

discuss three roles of rbi

Answer 1

Reserve Bank of India (RBI) is the central bank of the country. The Reserve Bank was established in 1935 by the Banking Regulation Act, 1934 with a capital of Rs. 5 cr. Initially the ownership of almost all the shares capital was in the hands of non-government share holders. So in order to prevent the centralisation of the shares in few hands, the RBI was nationalised on January 1, 1949.

Mark riya as a brainliest