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InterviewSolution
| 1. |
What are functions of RBI ? |
| Answer» Functions of RBI:*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 | |