Question

It is the central bank of India and was established in 1935. Adding to it the teacher told that its name is Reserve Bank of India. Children, tell me what this bank does?
(1) Issuing notes
(2) Regularize the banking system
(3) Credit control
(4) All of the above ​

Answer 1

Functions of Reserve Bank

1. Issue of Notes —The Reserve Bank has a monopoly for printing the currency notes in the country. It has the sole right to issue currency notes of various denominations except one rupee note (which is issued by the Ministry of Finance).

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