write the full form of b i s mention its function
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full form of BIS is Bureau of Indian Standards.
The BIS research and statistics functions help meet the needs of monetary and supervisory authorities for data and policy insight. The BIS banking function provides prime counterparty, agent and trustee services appropriate to the BIS mission.
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BIS stands for Bureau of Indian standards. The BIS was formerly known as the Indian standards institution ( ISI ).
It is working under the ministry of consumer affairs ,food and public distribution.
It was formed 32 years ago on 23rd December, 1986. It was established by the Bureau of Indian standard act 1986 ,which came into effect in 23rd December.
⏩The Bureau may access such powers and perform such duties as may be assigned to it under the BIS act 1986.
⏩The BIS research and statics functions helps to meet the needs of monetary and supervisory authorities for data and policy insight .
⏩ The BIS banking functions provides trustee and agents services appropriate to the BIS mission.
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