Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBANKING AND MONETARY POLICY2 Marks
Question
Explain any two non-monetary functions of RBI.
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Answer
1. Supervisory Function: RBI supervises the activities of commercial banks and non-banking financial companies. 2. Promotional Function: RBI works toward increasing banking awareness and expanding banking services to rural and unbanked areas.
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