Question

functions of the RBI (3points)​

Answer 1

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• 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:

h໐pē it hēlpŞ ๓คrk คŞ thē ๖rคiຖliēŞt... ❣️

Answer 2

Functions of RBI

-Firstly RBI issues the currency

- the RBI monitors the bank in actually maintaining the cash balance

-RBI also sees that the bank give loan to not only to just a profit making business and traders but also to small cultivator small scale industries etc

-Periodicallt Banks have to submit information to RBI on how much they are lending to who , at what interested rate etc

-RBI decides interest rate On deposits and loan

I hope it’s useful :))