Question

Explain banker to the government functions of the central bank.

Answer 1

Answer:

Hope the answer may help you

Explanation:

The Reserve Bank of India acts a banker, agent and a financial advisor to the Cental Government and all the State Governments (except jammu and kashmir)

As a banker, it carries out all banking accounts of the government

• It maintains a current account for keeping their cash balances
• It accepts receipts and make payments for the government and carries out exchange, remittance and other banking operations.
• It also gives loans and advances to the government.