Question

write the function of RBI? EXLAIN IN 4 POINTS​

Answer 1

• Reserve Bank of India (RBI) is the Central Bank of India.

• Key functions of RBI are, banker's bank, the custodian of foreign reserve, controller of credit and to manage printing

• 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 to .

• The Reserve Bank of India (RBI) is the central bank of India, which was established on Apr. 1, 1935, under the Reserve Bank of India Act. The Reserve Bank of India uses monetary policy to create financial stability in India, and it is charged with regulating the country's currency and credit systems.

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Answer 2

(1)Issue of notes

(2)Banker to the government

(3)Bankers bank

(4)Controller of the Credit