Question

how does rbi control the functioning of other banks ?why it is important ? plz it is urgent

Answer 1

Answer:

hope this helps u

Explanation:

The RBI   monitors that the banks actually  maintain the cash balance.

the RBI sees that the banks give loans  not just to profit-making businesses  and traders but also to small  cultivators, small scale industries, to  small borrowers etc.

Periodically,  banks have to submit information to  the RBI on how much they are  lending, to whom, at what interest  rate, etc.

Answer 2

hope this helps u

If ur book is of ncert cbse then see pg 48 of economic