Question

Explain the function of reserve Bank of India class 10th​

Answer 1

Answer:

reserve Bank of India RBI is supreme monetary authority of India this organisation is responsible for printing currency notes and managing the supply of money in India economy .RBI works as a custodian of foreign reserve, bankers Bank, banker to the government of India and controller of credit

Answer 2

The Reserve Bank of India has the following responsibilities:

• The Monetary Authority is responsible for guaranteeing price stability and executing monetary policy.

• The following agencies are in charge of overseeing and regulating the financial system:

1. Sets standards for banking operations such as granting licenses, calculating liquidity and assets, and merging institutions.
2. Issues Money: Has sole authority to issue cash and coins that are no longer fit for circulation.
3. It controls foreign exchange reserves while facilitating international trade and payments.
4. It serves as a lender of last resort for banks and performs government banking tasks.