Question

working of RBI and banks??​

Answer 1

Answer:

Reserve Bank of India (RBI) is India's Central bank. It plays multi-facet role by executing multiple functions such as overseeing monetary policy, issuing currency, managing foreign exchange, working as a bank of government and as banker of scheduled commercial banks, among others.

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Answer 2

Answer:

1.It issues currency

2.it monitors all the banks

3. it cancels the old currency and issue new currency

4.it provides loans to the central government

5.it gives liquid cash

6.it provides equal loans to rich and poor

7.it works as bankers bank and provide loans to the remaining banks

8.it is also known as apax bank

9.it is the highest bank of India

10.it started in 1935 April 1st