Question

What is the role of RBI​

Answer 1

Answer:

Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker. Banker to banks: An important role and function of RBI is to maintain the banking accounts of all scheduled banks and acts as the banker of last resort

Answer 2

Answer:

Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker. Banker to banks: An important role and function of RBI is to maintain the banking accounts of all scheduled banks and acts as the banker of last resort.

Explanation:

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