Question

Explain the functions of central bank ?​

Answer 1

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\A central bank is an independent national authority that conducts monetary policy, regulates banks, and provides financial services including economic research. Its goals are to stabilize the nation's currency, keep unemployment low, and prevent inflation.

Answer 2

√Functions of central bank(RBI) are as follows:-

(1)Issuing notes

(2)Banker, Agent and Advisor to the government

(3)Custodian of foreign exchange

(4)Banker to the banks

(5)Controller of Credit

(6)Promotes economic development

(7)Maintaining good relations with international organisations sich as world bank, imf,etc

(8)it collects and publishes various types of statistics and reports

(9)it provides training facilities to the staff working in various financial institutions

(10)it conducts research studies,s surveys ,etc

❤️Hope it helps ;)

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