Question

write the function of RBI​

Answer 1

Explanation:

Major functions of the RBI are as follows:

Issue of Bank Notes: ...

Banker to Government: ...

Custodian of Cash Reserves of Commercial Banks: ...

Custodian of Country's Foreign Currency Reserves: ...

Lender of Last Resort: ...

Central Clearance and Accounts Settlement: ...

Controller of Credit:

Answer 2

Answer:

In the Indian context, the basic functions of the Reserve Bank of India as enunciated in the Preamble to the RBI Act, 1934 are: “to regulate the issue of Bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country

Explanation:

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