what r the functions of RBI
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The RBI issue currency of denomination Rs 2 to 2000
The RBI control all commercial banks
The RBI control all commercial banks
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The functions of RBI are as follows:
1. It moniters whether the banks maintain a minimum cash balance . At present it is 15 per cent .
2. It also checks whether the bank provides loan to the poor and needy sections of the society, not just to the richer class
1. It moniters whether the banks maintain a minimum cash balance . At present it is 15 per cent .
2. It also checks whether the bank provides loan to the poor and needy sections of the society, not just to the richer class
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