Question

the rbi is the apex body responsible for the fiscal policy

Answer 1

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Answer 2

Concept: The Federal Reserve Bank of Bharat is that the financial organisation of the country. Central banks ar a comparatively recent innovation and most central banks, as we all know them nowadays, were established round the early twentieth century.

Find: Is this statement true or false.

Solution: RBI is entrusted with the responsibility of conducting financial policy in Bharat with the first objective of maintaining worth stability whereas keeping in mind the target of growth.

The Bank was set up to

* Regulate the problem of banknotes

* Maintain reserves with a read to securing financial stability and

* to control the credit and currency system of the country to its advantage.

Final answer: True.

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