What are the funtions of the Reserve Bank of India?
Answers
Answered by
4
The functions of The RESERVE BANK OF INDIA is:-
1)The Reserve Bank of India has the sole right to issue currency notes
2)Reserve Bank manages the banking needs of the government.
3)The commercial banks hold deposits in the Reserve Bank and the latter has the custody of the cash reserves of the commercial banks.
4)Reserve Bank has the custody of the country’s reserves of international currency
5)The commercial banks approach the Reserve Bank in times of emergency to tide over financial difficulties
1)The Reserve Bank of India has the sole right to issue currency notes
2)Reserve Bank manages the banking needs of the government.
3)The commercial banks hold deposits in the Reserve Bank and the latter has the custody of the cash reserves of the commercial banks.
4)Reserve Bank has the custody of the country’s reserves of international currency
5)The commercial banks approach the Reserve Bank in times of emergency to tide over financial difficulties
Answered by
2
Hey !
_____________________________________________
.
1. important function of the Reserve Bank is to act as the Banker, Agent, and Adviser to the Government of India and states.
2. It performs all the banking functions of the State and Central Government and it also tenders useful advice to the government on matters related to economic and monetary policy.
3. It also manages the public debt of the government.
4. 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
_____________________________________________
.
1. important function of the Reserve Bank is to act as the Banker, Agent, and Adviser to the Government of India and states.
2. It performs all the banking functions of the State and Central Government and it also tenders useful advice to the government on matters related to economic and monetary policy.
3. It also manages the public debt of the government.
4. 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
Similar questions