Question

five functions of RBI ​

Answer 1

Answer:

Major functions of the RBI are as follows:

Issue of Bank Notes: ...

Banker to Government: ...

Custodian of Cash Reserves of Commercial Banks: ...

Custodian of Country's Foreign Currency Reserves: ...

Lender of Last Resort: ...

Central Clearance and Accounts Settlement: ...

Controller of Credit:

Answer 2

Answer:

hi

Explanation:

1. RBI holds a part of cash of reserves of commercial banks.

2. RBI ensures that bank maintain a minimum each cash balance out of there total deposits.

3. The commercial banks had to submit information to RBI regarding their lending status.

4. RBI also observes that all small farmers and traders are getting their loan.

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