Who is the monetary authority of the country and what is its role?

Important banking qna for banking aspirants, which is helpful in banking exam.

Created On: Dec 30, 2014 14:32 IST

Question: Who is the monetary authority of the country and what is its role?

Answer:

  • Reserve Bank of India is the monetary authority of country. It acts as a banker to the government. RBI formulates implements and monitors the monetary policies as well as it has to ensure an adequate flow of credit to productive sectors.
  • RBI acts as issuer of the currency.
  • RBI also performs promotional functions to support national objectives and industries
  • RBI is lender to last resort
  • RBI act as a Banker bank.

Jagran Play
रोमांचक गेम्स खेलें और जीतें एक लाख रुपए तक कैश
ludo_expresssnakes_ladderLudo miniCricket smash
ludo_expresssnakes_ladderLudo miniCricket smash

Related Categories

Related Stories

Comment (0)

Post Comment

6 + 2 =
Post
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.