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प्रश्न
Explain in detail about the role of RBI in the country.
थोडक्यात उत्तर
उत्तर
- A government has the responsibility to regulate the money supply and oversee the monetary policy.
- Hoarding of money must be avoided at all costs in a country’s economy.
- Only then money can be saved in banks.
- All the major and important banks were nationalized (1969) in India.
- The Reserve Bank of India (RBI) regulates the circulation of currency in India.
- The Reserve Bank of India started its operations on 1st April 1935.
- It was permanently moved to Mumbai from the year 1937.
- RBI was nationalized in 1949. 85% of the printed currency is let for circulation.
- According to the statistics available as of August 2018, currency worth 19 lakh crore are in circulation.
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Role of the Reserve Bank of India
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संबंधित प्रश्न
The currency of Japan is _____________.
The thesis about money by B.R. Ambedkar is _____________.
Match the following
| 1. US Dollar | Automatic Teller Machine |
| 2. Currency in circulation | Substitute of money |
| 3. ATM | Universally accepted currency |
| 4. Salt | Saudi Arabia |
| 5. Riyal | 85% |
All the major and important banks were nationalised in India in ______.
Choose the correct statement
- Reserve Bank of India was permanently moved to Mumbai from 1935
- Gold, silver, and copper were called ancient money.
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The ______ regulates the circulation of currency in India.
The Indian currency is called the ______.
Till 1947, the currency notes with the image of ______ were in circulation.
What do the Government do with the savings in the banks?
