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All About Central Bank and Its Functions


The Reserve Bank of India (RBI) is India's Central Bank and It commenced its operations on the 1st April 1935 in accordance with the Reserve Bank of India’s Act 1934. Central Bank plays an important role in the monetary and banking system of our country. There are several functions of the Central Bank, the first function is - 1) Being the currency authority 2) Serve as a banker and agent advisor to the Government 3) Being a banker's Bank and a supervisor 4) Being the controller of money supply and credit


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