0
In any economy the government needs to be the neucleus of all econimic activity. Let to itself the government alone cannot look after all the aspects of the economic development sphere. It forms various agencies, institutions, staturoty bodies, departments, and the like as an instrument through which it (the government) seeks to progress the State/economy. In this direction a central body to take care of all the monetary systems, functions and other activities in the economy is vested with this function, the most important of all functions in the sphere of State Adminstration, is the Central Bank- the mother of all banks, the bank of the Government or the bank of the country itself. RBI in India is the Central Bank.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What does RBI stands for in India?
Reserve Bank of India.
Money supply measures in India by rbi?
explain in detail rbi's measures of money supply
Where are Main branches of rbi in India?
22
Who is the custodian of monetary reserves in India?
RBI
What is rbi stand for?
It means run(s) batted in. RBI also stands for Reserve Bank of India.
What is the role of SBI in RBI?
State Bank of India (SBI) is the largest nationalized bank in India but it does not perform any role when it comes to Reserve Bank of India (RBI). The RBI is an independent entity that takes policy decisions with respect to Banking in India and SBI along with all other banks in India have to adhere to the guidelines set up by RBI.
Why did RBI have to change its role from controller to facilitator of financial sector in India during 1991?
It is in tune with the policy of the government. Even now the role of the RBI has not changed from controller of the entities it regulates. What has changed is the policies of reserve bank of India which are based on terms of liberalisation proposed by the government,
What does RBI stands for in India?
Reserve Bank of India.
Which is the central bank of India?
rbi
Which is India's richest bank after RBI?
state bank of India
What are the role of Reserve Bank of India?
The Reserve Bank of India is the central bank of India, and was established on April 1, 1935. The RBI is fully owned by the Government of India since nationalization in 1949.The Key roles of the RBI are:Regulator and supervisor of the financial systemManager of exchange controlIssuer of currencyBanker to the GovernmentBank to banks: maintains banking accounts of all scheduled banks
Money supply measures in India by rbi?
explain in detail rbi's measures of money supply
Who is president of RBI India?
Devvuri Subbarao
Who regulates commercial banks in India?
RBI
Where are Main branches of rbi in India?
22
Who is the custodian of monetary reserves in India?
RBI
Regulation of bank in India?
RBI - Reserve Bank Of India regulates the banks in India.
