Question

Importance of central banks in indian economy

Answer 1

Answer:

India's central bank is known as the Reserve Bank of India (RBI). Its role is to foster financial stability and regulate India's currency and credit. Founded in 1935, the bank sets monetary policy for the country. It is fully owned by the government of India and is run by a government-appointed board of directors.

Explanation:

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Answer 2

Answer:

• India's central bank is known as the Reserve Bank of India (RBI).
• Its role is to foster financial stability and regulate India's currency and credit. Founded in 1935, the bank sets monetary policy for the country.
• It is fully owned by the government of India and is run by a government-appointed board of directors.

Explanation: