Question

Mention three functions of Reserve Bank of India​

Answer 1

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❄︎The issuer of currency

❄︎Banker to the government

❄︎Banker to other banks

❄︎ Regulation of foreign exchange

❄︎Controls credit in the economy

✧The primary function of the Reserve Bank of India is the control of credit and money in the market

✧The Reserve Bank of India also supervises all other commercial banks in the country.

✧The RBI is the only authorized body that can issue currency in the country.

Answer 2

Answer:

The issuer of currency

❄︎Banker to the government

❄︎Banker to other banks

❄︎ Regulation of foreign exchange

❄︎Controls credit in the economy

Explanation: