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Functions of RBI? |
| Answer» \t\xa0RBI issues currency notes on behalf of the central govt.\t\xa0RBI supervises the functioning of formal source of loans.\t\xa0RBI monitors the banks in actually maintaining cash balance.\t\xa0It also sees that banks give loans not just for profit making and traders but also to small borrowers, small cultivators etc..\t\xa0Periodically banks have to submit information to RBI on how much they are lending, to whom, at what interest rate, etc | |