Question

The reserve bank of India has completed sixty years of its existence.according to central banking standards,this is a

Answer 1

Answer:

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Answer 2

The Reserve Bank of India has existed for 60 years.

Explanation:

• The Reserve Bank of India was established for sixty years.
• By central bank standards, this is a relatively young age.  

• We can say that where  the Central Bank of India is not an old institution,   it has accumulated rich experience in its short life.  

• We know that the Reserve Bank of India is the central bank of the country.
• Definitely, we ca say that where central banks are a relatively new innovation.
• Most central banks were established in the early 1900s.

• The bank that was originally established as a shareholder bank was nationalized in 1949.
• An interesting feature of the  Reserve Bank of India is that from the beginning, banks were seen to play a special role in this context.

• When India began its planning work, the role of banks in development became the focus.
• Especially in the 1960s, the Reserve Bank pioneered the concept and practice of using finance to promote development in many ways.