Question

or How does Reserve Bank of India play crucial
role in controlling the formal sector loans?
Explain.
CBSE 2012
r Describe the functions of the Reserve Bank of
India.
CBSE 2019
r Describe the significiance of the Reserve Bank
of India.
CBSE 2020​

Answer 1

Answer. The Reserve Bank of India supervises the functioning of formal sources of loans. ... # RBI ensures that the banks give loans not just to profit making business and traders but also to small cultivators, small-scale industries, small borrowers etc

Reserve Bank of India (RBI) is the central bank of the country. RBI is a statutory body. It is responsible for the printing of currency notes and managing the supply of money in the Indian economy. Initially, the ownership of almost all the share capital was in the hands of non-government shareholdersThe Reserve Bank of India (RBI) is the central bank of India, which was established on Apr. 1, 1935, under the Reserve Bank of India Act. The Reserve Bank of India uses monetary policy to create financial stability in India, and it is charged with regulating the country's currency and credit systems.