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Which bank is the apex bank of india?
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Which bank is the apex bank of india?
The apex bank of India is the Reserve Bank of India (RBI). It is the central bank of India and controls the monetary policy of the country. Let's explore more about this bank in detail:

Functions of RBI:

- Issuing and managing currency: The RBI is responsible for issuing and managing the currency in India. It ensures the availability of currency notes and coins in the market.

- Regulating and supervising the banking sector: The RBI regulates and supervises the banking sector in India. It issues guidelines and policies for banks to follow and ensures they are complying with the rules.

- Managing foreign exchange: The RBI manages the foreign exchange reserves of India. It regulates the exchange rate of the Indian rupee against other currencies.

- Controlling inflation: The RBI controls inflation in the country by determining the interest rates. It also takes measures to control prices of essential commodities.

- Conducting Monetary Policy: RBI is responsible for formulating and implementing monetary policy in India. It takes measures to control the money supply in the economy to achieve macroeconomic objectives.

- Development of financial system: The RBI works towards the development of the financial system in India. It promotes financial inclusion and sets up institutions to improve the financial infrastructure.

Conclusion:

In summary, the RBI is the apex bank of India and has a crucial role in the economy. It is responsible for managing the monetary policy, regulating the banking sector, and ensuring the stability of the financial system.
Community Answer
Which bank is the apex bank of india?
The Reserve Bank of India (RBI) is the apex monetary Institution which controls Indian Rupee, monetary policy and banking system in India. The central Bank was first established in the year 1935 under the Reserve Bank of India Act, 1934.
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Read the following case study paragraph carefully and answer the question based on the same.The central bank of India i.e. Reserve Bank of India is the apex institution that controls the entire financial market. It’s one of the major functions is to maintain the reserve of foreign exchange. Also, it intervenes in the foreign exchange market to stabilize the excessive fluctuation in the foreign exchange rate.In other words, it is the central bank’s job to control a country’s economy through monetary policy; if the economy is moving slowly or going backward, there are steps that the central bank can take to boost the economy. These steps, whether they are asset purchases or printing more money, all involve injecting more cash into the economy. The simple supply and demand economic projection occurs and currency will devalue.When the opposite occurs, and the economy is growing, the central bank will use various methods to keep that growth steady and in-line with other economic factors such as wages and prices. Whatever the central bank does or doesn’t do, will affect the currency of that country. Sometimes, it is within the central bank’s interest to purposefully affect the value of a currency. For example, if the economy is heavily reliant on exports and their currency value becomes too high, importers of that country’s commodities will seek cheaper supply; hence directly affecting the economy.Q. Which of the following steps should be taken by the central bank if there is an excessive rise in the foreign exchange rate?

Read the following case study paragraph carefully and answer the question based on the same.The central bank of India i.e. Reserve Bank of India is the apex institution that controls the entire financial market. It’s one of the major functions is to maintain the reserve of foreign exchange. Also, it intervenes in the foreign exchange market to stabilize the excessive fluctuation in the foreign exchange rate.In other words, it is the central bank’s job to control a country’s economy through monetary policy; if the economy is moving slowly or going backward, there are steps that the central bank can take to boost the economy. These steps, whether they are asset purchases or printing more money, all involve injecting more cash into the economy. The simple supply and demand economic projection occurs and currency will devalue.When the opposite occurs, and the economy is growing, the central bank will use various methods to keep that growth steady and in-line with other economic factors such as wages and prices. Whatever the central bank does or doesn’t do, will affect the currency of that country. Sometimes, it is within the central bank’s interest to purposefully affect the value of a currency. For example, if the economy is heavily reliant on exports and their currency value becomes too high, importers of that country’s commodities will seek cheaper supply; hence directly affecting the economy.Q. Dear money policy of the central bank, which is used to keep the growth steady and in-line with other economic factors, refers to

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