Question

Write any 4 functions of RBI.

Answer 1

RĀM RĀM jĪ ♥♥

ĀñswĒR ⏬⏬⏬

⭕RBI :The Reserve Bank of India (RBI) is India's central banking and monetary authority. RBIregulates loans offered by banks and non-banking financial institutions .

FUNCTIONS :

◽Monopoly of Note Issue:

the R.B.I, acts as the sole currency authority of the country. It issues notes of every denomination, except one-rupee notes and all types of coins through the Issue Department of the Bank.

◽Bankers’ Bank:

As bankers’ bank, the R.B.I, holds a part of the cash reserves of commer­cial banks and lends them funds for short periods.

◽Controller of Credit:

The R.B.I con­trols the total supply of money and bank credit to sub-serve the country’s interest.The R.B.I, con­trols credit to ensure price and exchange rate sta­bility.


◽Promotional and Developmental Func­tions:

Apart from all the traditional functions, the R.B.I, performs various activities of promotional and developmental nature.

◽the R.B.I, is not just a typical central bank. It is something more than that. 

◽the R.B.I, also issues these coins on behalf of the Govern­ment of India. 

◽The R.B.I provides financial assistance to commercial banks and State co-operative banks through rediscounting of bills of exchange.


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#NAVI HARYANVI ♥♠