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Discuss the role of RBI ?

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Discuss the role of RBI ?

    • Posted by Mohd Athar 6 years, 10 months ago

    CBSE > Class 10 > Social Science
    • 1 answers

    Yogita Ingle 6 years, 10 months ago

    • RBI issues currency notes on behalf of the central govt.
    • RBI supervises the functioning of formal source of loans.
    • RBI monitors the banks in actually maintaining cash balance.
    • It also sees that banks give loans not just for profit making and traders but also to small borrowers, small cultivators etc..
    • Periodically banks have to submit information to RBI on how much they are lending, to whom, at what interest rate, etc

    0Thank You

    ANSWER
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