RBI's Role in Demonetization Support
Demonetization is a significant monetary policy decision concerning currency management.
The Reserve Bank of India (RBI) is India's central bank and is responsible for issuing currency and managing the nation's monetary policy.
As the apex monetary authority, the RBI plays a key role in decisions regarding currency circulation and policy implementation, including demonetization initiatives.
Therefore, the Reserve Bank of India is the institution that supports and executes such policies.
Important Questions from Reserve Bank of India
Which of the following is not the function of Reserve Bank of India?
Which of the following banks issues currency notes in India?
Who is the Governor of the Reserve Bank of India? (As of 2017)
Which of the following isnota function of Reserve Bank of India?
Which of the following statements related to the Reserve Bank of India (RBI) is/are true?
Statements:
I. RBI was established under the Reserve Bank of India Act, 1935.
II. RBI maintains a current account of State Governments for keeping their cash balances.
III. Sir Benegal Rama Rau was the longest serving governor of RBI.
