Question

what is the importance of RBI points

Answer 1

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Answer 2

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IMPORTANCE OF RBI [Reserve bank of India]

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Reserve bank of India suprevesive the functioning of formal source of loan in INDIA .

=>The following are the functions of RBI .

[ 1 ] Monetary authority of India :- Reserve bank is the central monetary authority of India. It prepare the monetary policy in India and maintain the adequate supply of money in the economy.

[ 2 ] Bankers of Bank :- RBI also act as the bank for other commercial bank in India. Commercial bank can take loan from RBI and also can park their excess money with RBI.

[ 3 ] Issue of currency :- RBI has the sole authority of issuing currency notes in the country.    

[ 4 ] Controlling money supply :- RBI controls money supply and credits flow by alterative
various monetary.

[ 5 ] Leading the banks :- Periodically, banks have to submit information to the RBI on how much they are lending, to whom, at what interest rate, etc.

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