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| 1. |
Write 3 merits of RBI |
| Answer» The Reserve Bank of India (RBI) is the central banking and monetary authority of India which regulates loans offered by banks and non-banking financial institutions to government entities, businesses & consumers and controls the availability of funds in the financial system for credit. Working in RBI provides a new perspective on various banking, economic and cultural dimensions. People working in RBI also get to work with highly experienced and qualified people.\tMinimum margins for lending against specific securities.\tCeiling on the amounts of credit for certain purposes.\tThe discriminatory rate of interest charged on certain types of advances. | |