Question

what are the function of R.B.I​

Answer 1

FUNCTION OF RBI

Functions of RBI:

Functions of RBI:*RBI issues currency notes on behalf of the central govt. *RBI supervises the functioning of formal source of loans. *RBI monitors the banks in actually maintaining cash balance. *It also sees that banks give loans not just for profit making and traders but also to small borrowers, small cultivators etc.. *Periodically banks have to submit information to RBI on how much they are lending, to whom, at what interest rate, etc

Answer 2

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• In the Indian context, the basic functions of the Reserve Bank of India as enunciated in the Preamble to the RBI Act, 1934 are: “to regulate the issue of Bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to.

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