Five function of RBI
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Answer:
The main functions of the RBI include:
The main functions of the RBI include:Monetary authority: formulates, implements, and monitors India’s monetary policy. The main objectives of which are maintaining price stability, ensuring adequate flow of credit to productive sectors, and financial stability.
The main functions of the RBI include:Monetary authority: formulates, implements, and monitors India’s monetary policy. The main objectives of which are maintaining price stability, ensuring adequate flow of credit to productive sectors, and financial stability.Issuer of currency: issues currency and coins, and exchanges or destroys currency notes and coins unfit for circulation
The main functions of the RBI include:Monetary authority: formulates, implements, and monitors India’s monetary policy. The main objectives of which are maintaining price stability, ensuring adequate flow of credit to productive sectors, and financial stability.Issuer of currency: issues currency and coins, and exchanges or destroys currency notes and coins unfit for circulationBanker and debt manager to government of India: performs merchant banking functions for central and state governments and also acts as their banker, determines how best to raise money in debt markets to help the government finance its requirements
The main functions of the RBI include:Monetary authority: formulates, implements, and monitors India’s monetary policy. The main objectives of which are maintaining price stability, ensuring adequate flow of credit to productive sectors, and financial stability.Issuer of currency: issues currency and coins, and exchanges or destroys currency notes and coins unfit for circulationBanker and debt manager to government of India: performs merchant banking functions for central and state governments and also acts as their banker, determines how best to raise money in debt markets to help the government finance its requirementsBanker to banks: enables clearing and settlement of inter-bank transactions, maintains banks’ accounts for statutory reserve requirements, and acts as a lender of last resort
The main functions of the RBI include:Monetary authority: formulates, implements, and monitors India’s monetary policy. The main objectives of which are maintaining price stability, ensuring adequate flow of credit to productive sectors, and financial stability.Issuer of currency: issues currency and coins, and exchanges or destroys currency notes and coins unfit for circulationBanker and debt manager to government of India: performs merchant banking functions for central and state governments and also acts as their banker, determines how best to raise money in debt markets to help the government finance its requirementsBanker to banks: enables clearing and settlement of inter-bank transactions, maintains banks’ accounts for statutory reserve requirements, and acts as a lender of last resortRegulator and supervisor of the financial system: protects the interests of depositors, facilitates orderly development and conduct of banking operations, and maintains financial stability through preventive and corrective measures
The main functions of the RBI include:Monetary authority: formulates, implements, and monitors India’s monetary policy. The main objectives of which are maintaining price stability, ensuring adequate flow of credit to productive sectors, and financial stability.Issuer of currency: issues currency and coins, and exchanges or destroys currency notes and coins unfit for circulationBanker and debt manager to government of India: performs merchant banking functions for central and state governments and also acts as their banker, determines how best to raise money in debt markets to help the government finance its requirementsBanker to banks: enables clearing and settlement of inter-bank transactions, maintains banks’ accounts for statutory reserve requirements, and acts as a lender of last resortRegulator and supervisor of the financial system: protects the interests of depositors, facilitates orderly development and conduct of banking operations, and maintains financial stability through preventive and corrective measuresManager of foreign exchange: regulates transactions related to the external sector, enables the development of the foreign exchange market (forex), ensures smooth functioning of the domestic forex market, and manages India’s foreign currency assets and gold reserves
Explanation:
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Answer:
The main functions of the RBI include:
Monetary authority: formulates, implements, and monitors India’s monetary policy. The main objectives of which are maintaining price stability, ensuring adequate flow of credit to productive sectors, and financial stability.
Issuer of currency: issues currency and coins, and exchanges or destroys currency notes and coins unfit for circulation
Banker and debt manager to government of India: performs merchant banking functions for central and state governments and also acts as their banker, determines how best to raise money in debt markets to help the government finance its requirements
Banker to banks: enables clearing and settlement of inter-bank transactions, maintains banks’ accounts for statutory reserve requirements, and acts as a lender of last resort
Regulator and supervisor of the financial system: protects the interests of depositors, facilitates orderly development and conduct of banking operations, and maintains financial stability through preventive and corrective measures
Manager of foreign exchange: regulates transactions related to the external sector, enables the development of the foreign exchange market (forex), ensures smooth functioning of the domestic forex market, and manages India’s foreign currency assets and gold reserves
Regulator and supervisor of payment and settlement systems
Maintaining financial stability: an explicit objective of the RBI since the early 2000s
Development: ensures credit availability to productive economic sectors, establishes institutions to develop India’s financial infrastructure, expands access to affordable financial services, and promotes financial education and literacy.
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