The main functions of the RBI are monetary authority, regulator and supervisor of the financial system, manager of foreign exchange, issuer of currency, and banker to the government and banks. Maintaining financial stability is a crucial outcome and objective achieved through these functions.
Which of the following is the main role of the Reserve Bank of India?
Asked in WBCS Main Paper 5 2023 · Topic: Money & Banking (Reserve Bank of India (RBI): Role, Functions, and Autonomy)
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