Q13. Define Banking. Elaborate on the functions of
the Central Bank Of India.
Answers
Answered by
1
Answer:
In his words, a central bank is “a bank which constitutes the apex of the monetary and banking structure of its country and which performs as best as it can in the national economic interest, the following functions: (i) The regulation of currency in accordance with the requirements of business and the general public ...
Answered by
0
Answer:
The Reserve Bank of India (RBI) is the central bank of India. It supports and directs monetary policy, issues and manages currency, acts as a bank to banks and the government, controls credit and manages the foreign exchange market (as well as tweaking rates from time to time).
Similar questions