Reserve Bank of India (RBI) - Role and Functions | Indian Economy for UPSC Prelims & Mains 2022-2023

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Prepare for your upcoming UPSC Exam with BYJU'S knowledge series. A key topic - Reserve Bank of India (RBI) - Functions and Composition is discussed in the session. This is an important topic in the Indian Economy for UPSC Prelims & Mains 2022-2023.
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Reserve Bank of India (RBI) is India’s central bank. It controls the monetary policy concerning the national currency, the Indian rupee. The basic functions of the RBI are the issuance of currency, to sustain monetary stability in India, to operate the currency, and maintain the country’s credit system.
In this session you will learn about the following
1. Reserve Bank of India (RBI) - Introduction: 00:00
2. History of RBI- 00:35
3. Hilton Young Commission- 01:34
4. Nationalization- 02:56
5. Functions of RBI: 04:00
6. Inflation control by RBI: 04:45
7. RBI's printing of currency notes: 08:22
8. RBI - Banker to the government: 12:20
9. Monetary Policy of RBI: 15:46
10. Banker of Banks & Bank of last resort: 18:46
11. RBI's Forex management: 21:02
12. MCLR- 25:30
Some key aspects that are also covered in this session are RBI governor, the Reserve bank of India headquarters, the Reserve bank of India functions, etc.
RBI was set up on the recommendations of the "Hilton Young Commission".
It is the Central Bank of India, established on "1st April 1935" under the "Reserve Bank of India Act". Initially, it was located in Calcutta. It was moved to Mumbai in 1937.
Initially, RBI was privately owned. Since its Nationalisation in 1949, the Reserve Bank has been owned by the Government of India.
The major functions of RBI include:
- Controlling Inflation
- Printing of currency notes
- Being the banker to the government
- Controlling credit/monetary policy
- Being the banker to banks
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Some important previous year's questions are discussed to boost the aspirants' preparation for their upcoming IAS Exam.
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[@chirag9554]

You have made the economy so easy to grasp . Thanks a lot sir for perennial effort .

[@ulterior3052]

i think these are two separate functions of RBI while acting as - Banker to the GOI vs Debt manager to GOI

[@tanujatiwari2414]

This is for the first time i understood a topic of economics that too all at once without replaying it again and again. I think this is evident enough to appreciate the effort to make this video. 👏

[@tabarejalam5418]

Sir your lecture is superb. That give me lot of confidence.

[@shreyaseal7655]

Thank you so much for the amazing session sir..!!

[@ashoktrivedi287]

Enjoyed very in depth , information research and imparted good knowledge

[@TCF4548]

Thank you Sir

[@s.chowdhury8450]

thank you sir , your session is fabulous and very heplfull to understand RBI.

[@jramesh8910]

Very very benificial sir. Thank you for your great efforts

[@savirp3031]

Wonderful lecture, tq dir

[@ranjan8813]

Thanks so much sir .. Thanks so much sir your video is very helpful for preparation And easily to learnt ...

[@rajnibeniwal1713]

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[@rohithweseley5246]

Thankyou so much sir for your valuable inputs

[@ManojManoj-jl4hh]

Ty byjus team 💙

[@yaminigoyal7353]

Didn't know there is this much to know about RBI!!!

[@SuperRiya16]

Thanks a lot sir and Byjus 😇💜

[@lathar9814]

Thank you sir and byjus

[@manishjangid6885]

Thankyou sir n team

[@muruganesakki373]

Thank you so much

[@saikumarandhavarapu1017]

Thank you sirrrr... Thank you byjus

[@RSKumar-vd8lz]

Thank you so much sir.

[@kranthikumar8878]

👏👏good sir

[@deshihas5125]

Thanks a lot sir...❤❤❤🎉

[@sum877]

Thanku sir 💕 please make a vedio on kind of banks schedule bank, cooperative bank etc.

[@shubhampowar9375]

Thanks again for amazing session sir. Please take session on National income

[@Kajinmei]

Wow l got the explanation in English so helpful..

[@BYJUSIAS]

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[@srinivassharma1101]

Sir, RBI releases new additional currency into market based on which criteria.

[@majeedabegum2394]

Thank u so much sir ....it's very help ful ... please make more videos on other topics ....

[@BYJUSIAS]

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[@dadisudheer4430]

uu made economy as a easy suject....thank uu very much sirr...

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[@LessonsOfLife5289]

sir u r sooo sooooo gud at teaching economy sir.... thankuji...

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[@ashishks3994]

Outstanding explanation sir ❤❤

[@BYJUSIAS]

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[@yaminigoyal7353]

Amazing session

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[@katraju.mallesh7054]

Thanking you

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[@weareIndians...]

Please start weekly discussion Please please please please please

[@vic_a1819]

🔥🔥🔥

[@princegangwar6137]

You are alike Sermad Sir of economics....

[@Kajinmei]

Hello sir, lam confused to write the Role in 10 points and Functions in 10 points seems similar, may l get different points of the role and functions of RBI..

[@rajaravi4729]

Thanx sir an byjus for this important series

[@rajnibeniwal1713]

Sir please start your weekly economy session.🙏

[@vishnusudagoni5711]

What is mean by g securities

[@santughosh4819]

Dear BYJU'S IAS Team, "The Big News" will be continued or stopped permanently?

[@vickyramavath8830]

Does RBI called Banks of bank?

[@derajh1472]

In open market operation , RBI is not giving interest rate to Commercial bank were as in Market Stabilization RBI is giving interest rate to Public ? Am I right please let me know ? And also How on Securities / Bond RBI is giving interest rate in Market.

[@sonalisharma7792]

Can anybody tell me the name of Sir

[@BYJUSIAS]

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