RBI can be expanded as Reserve Bank of India. It is Indian Central Bank. RBI occupies a pivotal position in the monetary and banking structure of the country. RBI controls and regulates the monetary banking and credit policies of the country. RBI performs the following functions Issue of currency notes: RBI enjoys the monopoly and…

Money – Money plays an important role in modern economies. In the initial stage of civilization, there was no common medium of exchange. Every family produced all the goods required by its member. With the passage of human wants increased and a family could not produce all the things required by it. This led to…

Monetary policy It is an important economic tool for achieving the economic goals of a nation. It is generally laid down and operated by the central bank of the country in consultation with the government. In our country, monetary policy is determined and operated by Reserve Bank of India. Monetary policy plays an important role…