Advertisements
Advertisements
प्रश्न
Look at a 10 rupee note. What is written on top? Can you explain this statement?
उत्तर
A ten rupee note has “Reserve Bank of India” written at the top, along with a statement “guaranteed by the central government”, following it. It is a promissory note and can only be issued by the Reserve Bank of India which supervises all money-related functions in the formal sector, in India. The statement on the ten rupee bank note relates to this idea that the RBI is the central organ in the working of money-related activities.
APPEARS IN
संबंधित प्रश्न
How do banks play an important role in the economy of India? Explain.
Why are most of the poor households deprived from the formal sector of loans?
"The credit activities of the informal sector should be discouraged." Support the statement with arguments.
In what ways does the Reserve Bank of India supervise the functioning of banks? Why is this necessary?
__________issues currency notes on behalf of the Central Government.
Banks Charge a Higher Interest Rate on Loans than What They Offer on __________.
Explain the reason for the necessity of supervision by the Reserve Bank of India of formal sources of loans.
Explain any three loan activities of banks in India.
