Question

what is meaning of Reserve Bank Of India ?​

Answer 1

The Reserve Bank of India (RBI) is the central bank of India, which was established on Apr. 1, 1935, under the Reserve Bank of India Act. The Reserve Bank of India uses monetary policy to create financial stability in India, and it is charged with regulating the country's currency and credit systems.

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Answer 2

Answer:

1)RBI functions as a supervisory authority for the formal sources of credit.

2)Eg.Banks are required to maintain a minimum cash balance out of the deposits recived by them.

3)RBI supervises that the banks give loans not just to the profit making business and traders,but also to the small cultivators and small scale

Explanation: