Question

What are the functions of Reserve Bank of India ?​

Answer 1

Hey mate here it your answer. mark brainliest.

Answer 2

$\huge\red{Heya..!}$

QUESTION:

What are the main functions of Reserve Bank of India.?

Reserve Bank of India (RBI) is the supreme monetary authority of India. This organization is responsible for printing of currency notes and managing the supply of money in the Indian economy. RBI works as a custodian of foreign reserve, banker’s bank, banker to the government of India and controller of credit.

✴Functions of Reserve Bank✴

1. Issue of Notes —The Reserve Bank has the monopoly for printing the currency notes in the country.

2. Banker to the Government–The second important function of the Reserve Bank is to act as the Banker, Agent and Adviser to the Government of India and states.

3. Banker’s Bank:- The Reserve Bank performs the same functions for the other commercial banks as the other banks ordinarily perform for their customers. RBI lends money to all the commercial banks of the country.

4. Controller of the Credit:- The RBI undertakes the responsibility of controlling credit created by the commercial banks.

5. Custodian of Foreign Reserves:-For the purpose of keeping the foreign exchange rates stable, the Reserve Bank buys and sells the foreign currencies and also protects the country's foreign exchange funds.

_____________❤_____________

HOPE IT HELPS UHH..❤❤❤

KEEP ASKING..✨✨✨

BE BRAINLY..✌✌✌

_____________❤_____________