.What do you understand by Credit explain in your own word ? Explain the role of
Reserve Bank of India?
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Answer:
Reserve Bank of India (RBI) is the central bank of the country. RBI is a statutory body. It is responsible for the printing of currency notes and managing the supply of money in the Indian economy.
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Answer:
"Credit is the trust that lets people give things (like goods, services or money) to other people in the hope they will repay later on" ✨
" Role of Reserve Bank of India: - The central bank issues and regulates currency notes. It keeps reserves with a view to securing monetary stability and is called banker to banks. ... The RBI plays a vital role in economic growth of the country and maintaining price stability." ✨
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