Question

Roles of reserve bank of india in detail

Answer 1

Reserve Bank of India is India's central bank, headquartered at Bombay. Central bank of a country execute 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, etc

The function of the central bank of a country is to control and monitor the banking and financial system of the country. In India, the Reserve Bank of India (RBI) is the Central Bank. The RBI was established in 1935. ... The RBI has different functionsin different roles..