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Give two major functions of the central bank of our country.

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Question

Give two major functions of the central bank of our country.

Answer in Brief
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Solution

The Reserve Bank of India’s key functions are:

  1. Monopoly of Note Issue.
  2. Banker, Agent, or Advisor to the Government.
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Functions of a Central Bank
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Chapter 14: Banking - EXERCISES [Page 256]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 14 Banking
EXERCISES | Q 3. | Page 256
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