Question

Write an essay on the role of rbi in indian economy with a special reference to tge jndian scenario

Answer 1

Answer:

mark as brain list

Explanation:

The central bank of the country is the Reserve Bank of India (RBI). It was established in April 1935 with a share capital of Rs. 5 crores on the basis of the recommendations of the Hilton Young Commission. The share capital was divided into shares of Rs. 100 each fully paid which was entirely owned by private shareholders in the begining. The Government held shares of nominal value of Rs. 2,20,000