Question

what are the functions of RBI

Answer 1

RBI controls the currency in the market and RBI decides how many currency will be run in the market

Answer 2

FUNCTIONS OF RESERVE BANK OF INDIA :-

1. RBI print currency notes of India.

2.RBI ensures that all commercial bank maintain a minimum cash with them.

3. RBI ensures that no bank can charge too much of interest on loan.

4.RBI ensures that the banks are giving loan the poor and farmers.

5.RBI decide repo rate and reserve repo rate.

6.RBI take steps to control inflation and maintain liquidity in market.