Question

Role of reserve Bank of India in India economy?

Answer 1

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$\huge\underline\red{Role \ of \ RBI}$

It plays multi-facet role by executing multiple functions such as overseeing monetary policy, issuing currency, managing foreign exchange, working as a bank of government and as banker of scheduled commercial banks, among others. It also works for overall economic growth of the country.

Answer 2

Answer:

• Monopoly of note issue.
• Banker of the government.
• Banker's bank.
• National clearing house.
• Custodian of foreign exchange reserves.
• Promotion of banking habits.

Hope this will be helpful

Good Luck!