Question

Explain the five major functions of Reserve Bank of India.​

Answer 1

Answer:

Reserve Bank of India (RBI) is the Central Bank of India. RBI was established on 1 April 1935 by the RBI Act 1934. Key functions of RBI are, banker's bank, the custodian of foreign reserve, controller of credit and to manage printing and supply of currency notes in the country.

Explanation:

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Answer 2

Answer:

reserve Bank of India (RNI)is the Central Bank of India key function of RBI for bankers Bank the custodian of foreign reserve controlled of credit and to manage printing and supply of currency notes in the country