Question

what are the functions of Reserve Bank of India​

Answer 1

Answer:

the most important function is make money

Answer 2

Answer:

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Explanation:

RBI is the head of all the banks and supervisors all other banks in India

• The sole has right to issue currency notes except one rupee notes which are issued by the Ministry of Finance. 

(i) it brings uniformity in notes issue;

(ii) it makes possible effective state supervision;

(iii) it is easier to control and regulate credit in accordance with the requirements in the economy; and

(iv) it keeps faith of the public in the paper currency.

• The Reserve Bank manages the banking needs of the government.

• The commercial banks hold deposits in the Reserve Bank and the latter has the custody of the cash reserves of the commercial banks.

• The Reserve Bank has the custody of the country’s reserves of international currency, and this enables the Reserve Bank to deal with crisis connected with adverse balance of payments position.

• Credit is controlled by the Reserve Bank in accordance with the economic priorities of the government.

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