explain any three functions of the reserve bank of india
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✨ Reserve bank of India✨. it's function:-
*Issue of bank notes
* Banker to government
* Control of credit
* Lender of last report
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Answer:
ʀʙɪ ᴡᴀs ᴇsᴛᴀʙʟɪsʜᴇᴅ ᴏɴ 1 ᴀᴘʀɪʟ 1935 ʙʏ ᴛʜᴇ ʀʙɪ ᴀᴄᴛ 1934. ᴋᴇʏ ғᴜɴᴄᴛɪᴏɴs ᴏғ ʀʙɪ ᴀʀᴇ, ʙᴀɴᴋᴇʀ's ʙᴀɴᴋ, ᴛʜᴇ ᴄᴜsᴛᴏᴅɪᴀɴ ᴏғ ғᴏʀᴇɪɢɴ ʀᴇsᴇʀᴠᴇ, ᴄᴏɴᴛʀᴏʟʟᴇʀ ᴏғ ᴄʀᴇᴅɪᴛ ᴀɴᴅ ᴛᴏ ᴍᴀɴᴀɢᴇ ᴘʀɪɴᴛɪɴɢ ᴀɴᴅ sᴜᴘᴘʟʏ ᴏғ ᴄᴜʀʀᴇɴᴄʏ ɴᴏᴛᴇs ɪɴ ᴛʜᴇ ᴄᴏᴜɴᴛʀʏ.
ʀᴇsᴇʀᴠᴇ ʙᴀɴᴋ ᴏғ ɪɴᴅɪᴀ (ʀʙɪ) ɪs ᴛʜᴇ ᴄᴇɴᴛʀᴀʟ ʙᴀɴᴋ ᴏғ ɪɴᴅɪᴀ. ... ᴋᴇʏ ғᴜɴᴄᴛɪᴏɴs ᴏғ ʀʙɪ ᴀʀᴇ,
- ʙᴀɴᴋᴇʀ's ʙᴀɴᴋ,
- ᴛʜᴇ ᴄᴜsᴛᴏᴅɪᴀɴ ᴏғ ғᴏʀᴇɪɢɴ ʀᴇsᴇʀᴠᴇ,
- ᴄᴏɴᴛʀᴏʟʟᴇʀ ᴏғ ᴄʀᴇᴅɪᴛ ᴀɴᴅ ᴛᴏ ᴍᴀɴᴀɢᴇ ᴘʀɪɴᴛɪɴɢ ᴀɴᴅ sᴜᴘᴘʟʏ ᴏғ ᴄᴜʀʀᴇɴᴄʏ ɴᴏᴛᴇs ɪɴ ᴛʜᴇ ᴄᴏᴜɴᴛʀʏ
Explanation:
ᴡʜᴀᴛ ᴀʀᴇ ᴛʜᴇ ғᴜɴᴄᴛɪᴏɴs ᴏғ ʀʙɪ ?
*ʀʙɪ ɪssᴜᴇs ᴄᴜʀʀᴇɴᴄʏ ɴᴏᴛᴇs ᴏɴ ʙᴇʜᴀʟғ ᴏғ ᴛʜᴇ ᴄᴇɴᴛʀᴀʟ ɢᴏᴠᴛ. *ʀʙɪ sᴜᴘᴇʀᴠɪsᴇs ᴛʜᴇ ғᴜɴᴄᴛɪᴏɴɪɴɢ ᴏғ ғᴏʀᴍᴀʟ sᴏᴜʀᴄᴇ ᴏғ ʟᴏᴀɴs. *ʀʙɪ ᴍᴏɴɪᴛᴏʀs ᴛʜᴇ ʙᴀɴᴋs ɪɴ ᴀᴄᴛᴜᴀʟʟʏ ᴍᴀɪɴᴛᴀɪɴɪɴɢ ᴄᴀsʜ ʙᴀʟᴀɴᴄᴇ.
ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs ʏᴏᴜ ғʀɪᴇɴᴅ ☺☺
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