1.

Which among the following is/are the function(s) of the Reserve Bank of India?1). It is the banker to the banks as well as the government. 2). It issues license to banks to start operations in the country.3). It issues and manages currency in the country.4). It is the debt manager of the government

Answer»

Reserve Bank of India is the central banking AUTHORITY of the COUNTRY. The major functions of the bank are:

  • It regulates the banking sector of the country.
  • It regulates the MONEY supply in the country by announcing IMPORTANT policy rates. 
  • It issues and manages the CURRENCY in India.
  • It manages the foreign exchange in the country.
  • It is the banker to banks as well as the government.
  • It is the lender of last resort to the banks.
  • It is the debt manager of the government. 


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