Question

Explain the functions of the Reserve Bank of India.(All India-2017 (Compartment))

Answer 1

Explanation:

The Preamble of the RBI describes its basic functions to regulate the issue of bank notes, keep reserves to secure monetary stability in India, and generally to operate the currency and credit system in the best interests of the country.

Answer 2

Answer:

1.Monopoly of note issues

2.banker to government

3. Bankers bank

4. National clearing house

5. controller of credit

6. custodian of foreign exchange Reserves

7. promotion of banking habits