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Question
What are the features of RBI?
What are the features of RBI?
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Solution
The Reserve Bank of India is the main governing institution of all banks in India. It's main features are:
1. It is the bank of issue. All currency is minted and printed here.
2. It is responsible for formulating banking policies which are followed by all banks in India.
3. It is the 'bank of the banks'.
1. It is the bank of issue. All currency is minted and printed here.
2. It is responsible for formulating banking policies which are followed by all banks in India.
3. It is the 'bank of the banks'.
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