Question

how does Reserve bank of India supervise the functioning of formal sources of loans??​

Answer 1

Answer:

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Answer 2

The Reserve bank of India (RBI) supervise the functioning of formal sources of loans.

Two functions of RBI are listed below:

1) The RBI monitors the banks if they are actually maintaining required cash balance.

2) RBI also sees to it that the banks in India provide loans to not only rich sections of society but also to poor people.

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