Question

Mention the main function of RBI

Answer 1

It performs all the banking functions of the State and Central Government and it also tenders useful advice to the government on matters related to economic and monetary policy. It also manages the public debt of the government. 3. ... RBI lends money to all the commercial banks of the country.

Answer 2

Ans:- The main functions of RBI are:-
Issue of bank notes...
Banker to government...
Custodian of Cash Reserves of commercial banks...
Costodian of country's foreign currency reserves...
Lender to last resort...
Central clearance and accounts settlement...
Controller of credit...