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What is the basic function of RBI? - Business Studies

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Question

What is the basic function of RBI?

Very Short Answer
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Solution

The basic function of the RBI is to regulate the issue of bank notes and keeping of reserves with a view to securing monetary stability in India.

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Chapter 22: Business Regulators and Intermediaries - EXERCISES [Page 307]

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Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 22 Business Regulators and Intermediaries
EXERCISES | Q I. C. 10. | Page 307
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