Select Board & Class


Money And Credit

Question 8:

In what ways does the Reserve Bank of India supervise the functioning of banks? Why is this necessary?


The Reserve Bank of India monitors the amount of money that banks loan out, and also the amount of cash balance maintained by them. It also ensures that banks give out loans not just to profiteering businesses but also to small cultivators, s…

To view the solution to this question please

What are you looking for?