Weekly Current Affairs | 29 September to 5 October 2024 | Current Affairs MCQ | Mahendras

[@SurgeAheadacademy]

Awesome thought. Together, our knowledge can help so many students.

[@smrutiranjanparida3500]

55/62 Thanks sir for amazing session 🙏

[@Vikash-mo1vt]

51/62 Thank you Sir 😊🥳

[@tushargupta9106]

44/62 thank you sir

[@riyaagrahari36garh]

54/62🎉 Thank you sir 🥳🥳

[@ArpitPandey-111A]

Good morning 🌄🌞🌄

[@Jyoti-kumari-patna]

The Reserve Bank Of India (RBI) is the central bank of india. Its job is to manage and operate the country 's financial system. It comes under the jurisdiction of the Ministry of Finance of the Government of India. RBI was established on april 1,1935 under the Reserve Bank Of India Act, 1934.The (RBI) was established based on the recommendations of the Hilton Young Commission. Some of the major functions of RBI 1. Controlling the issue and supply of the Indian rupees. 2. Looking after the money of the central government. 3. Acting as the banker of banks and regulating the banking sector. 4. Regulating the country 's currency and credit system. 5. Using monetary policy to maintain financial stability. 6. Assisting government in its development projects and policies. Regulating and supervising the financial system. Managing foreign exchange. Issuing currency, exchange it and destroying it when it is no longer operational. Acting as banker to the government and banker to the banks..............

[@tahmeenkhan5969]

40/45

[@Pranabbisui76]

50/62

[@alokkatiyar5151]

Sir Good morning ans A

[@Antima205]

41/49

[@seenutiwari2080]

Today Mark's is 50/62 thank u so much again sir...✨✨💯💯🔥🔥🙏🙏

[@Pranabbisui76]

The Reserve Bank of India is India’s central bank (RBI). The RBI was established by the RBI Act 1934, which went into force on April 1, 1935. The Reserve Bank of India is government-owned . It is responsible for printing currency notes and regulating country's money supply. Functions: 1. It has monopoly on printing currency notes within the country. Except for one rupee note, it has complete authority to issue currency notes of all denominations. 2. It's second major responsibility is to perform as a banker, agent, or advisor to the Indian government and the states. 3. It provides the other commercial banks with the same tasks that the other banks conduct for their clients. 4. It involves buying and selling foreign currencies and preserves the country’s foreign currency funds to keep foreign exchange rates constant.

[@pawan_verma______10]

54/62

[@mansibaranwal6635]

50/62

[@tripurarimishra6921]

55/62

[@Rdofficial_08]

42/62

[@Jyoti-kumari-patna]

57/62

[@MAASHITLA-i4i]

52/62

[@khushbusharma024]

57/62

[@heenashaikh6799]

46/62

[@sonal_nish]

51/62

[@DeepakGupta-sq6ft]

55/62