Functions of RBI | Functions of Reserve Bank of India | What are the functions of RBI

The functions of RBI include maintaining monetary stability keeping in mind the objective of growth. The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. It was started with a paid up capital of rupees fifty million. The Central Office of the Reserve Bank was initially established in Kolkata but was permanently moved to Mumbai in 1937
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[@Papertyari]

Answer these questions quickly: 1. Which commission recommended the creation of a central bank for India? 2. Which act paved the way for establishment of Reserve Bank of India? 3. The Reserve Bank of India started its operations w.e.f _______? 4. The Reserve Bank of India was nationalised in _____? 5. What is the paid up capital of Reserve Bank of India? 6. Who heads the central board of Reserve Bank of India? 7. How many local boards does Reserve Bank of India have? 8. How many subsidiaries does Reserve Bank of India have? 9. Which section of RBI Act empowers RBI to issue currency notes in India? 10. Who regulates Scheduled Commercial Banks in India?

[@drcmathsbyarvindgarg266]

1).Hilton- young commission 2). RBI Act 1934 3). 1 April 1935 4). 1949 5).5 cr. 6).governor 7).4 8).4 9).section 22 10). RBI

[@Hunar_234]

1) Hilton young commission 2) 1934 3) 1935 4) 1949 5).5 crore 6) governor 7) 4 8) 4 9) 22 session 10) RBI ( Reserve Bank of India)

[@Papertyari]

Correct dear

[@wadhwanisarita]

PLEASE MAKE VIDEO ON CONTROL OVER BANKS , INDIN BANKING STRUCTURE , EVOLUTION OF BANKING , BANKERS AND CUSTOMERS , SPECIAL ACCOUNTS

[@Papertyari]

Sure dear will make it soon

[@shreyashraj6341]

Thanks

[@kumarmanjeet99]

Very good lecture

[@Papertyari]

Thanks Manjeet

[@shikharsrivastava1686]

sorry for the interruption for your lecture sir but you have forget a last point in the preamble i.e., To maintain price stability which is not mentioned in your slide but you have explained all the concepts very well.

[@Papertyari]

Thank you for pointing out the mistake. Will correct it in article link posted in description

[@shikharsrivastava1686]

@@Papertyari okk sir

[@nitishd9209]

RBI is not the regulator of derivatives

[@Hunar_234]

Thanks

[@Papertyari]

Welcome dear