Question

what are the functions of RBI​

Answer 1

Answer:

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 .

. RBI supervises the functioning of formal sources of loans. 2. It monitors the bank in actually maintaining cash balance.

Explanation:

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Answer 2

Answer:

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