Question

“Reserve Bank of India is an apex bank to all the other banks in the country.” Justify the statement.
Class 10-Money and Credit

Answer 1

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Answer:

It serves as the leader of the banking system and the money market. It regulates money supply and credit in the country. The RBI carries out India's monetary policy and exercises supervision and control over banks and non-banking finance companies in India.

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Answer 2

Answer:

Here first of all Apex means HIGHEST POINT OF SOMETHING .,the upper most point

• Reserve Bank of India is known as Bankers Bank.
• All commercial banks maintain current accounts with RBI
• RBI regulates and controls the entire banking system of a country and also activities of commercial banks.
• The RBI carries out India's monetary policy and excercises supervision and control over banks and non banking finance companies in India.
• RBI - Issuing bank notes , Acts as lender tk banks , controlling credit etc