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What is central bank? Explain its …

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What is central bank? Explain its function
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Arjun Kumar 4 days, 17 hours ago

Central Bank refers is the apex bank of the country. In India RBI (Reserve Bank of India) is the apex bank. RBI establishment act was pass in year 1934. RBI was on 1 April 1935. Functions of central Bank:- Issue of currency:- Central Bank issue currency notes on behalf of central bank, except 1 rupee note and coin, 1 rupee note is printed by Ministry of Finance on which the signature of finance secretary. While on all other notes RBI governor signature. Banker's to the Government: Central Bank (RBI) act as Banker to government it advices state/ central government regarding financial matters. Banker's Bank :- Central act as banker's Bank by matching every credit with every debit. As all banks have their Account in RBI. Controller of Money Supply: Central Bank act as the controller of Money Supply by using its various quantitative methods such as CRR, SLR Open Market operation.
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