How RBI Works Video Lecture | Commerce & Accountancy Optional Notes for UPSC

180 videos|153 docs

Top Courses for UPSC

FAQs on How RBI Works Video Lecture - Commerce & Accountancy Optional Notes for UPSC

1. How does the Reserve Bank of India (RBI) function?
Ans. The Reserve Bank of India (RBI) functions as the central bank of the country, responsible for regulating the monetary policy, issuing currency, managing foreign exchange, and supervising the financial system in India.
2. What is the role of the RBI in controlling inflation?
Ans. The RBI plays a crucial role in controlling inflation by adjusting key interest rates, such as the repo rate, to influence borrowing and spending in the economy. By tightening or loosening monetary policy, the RBI aims to keep inflation within a target range.
3. How does the RBI regulate commercial banks in India?
Ans. The RBI regulates commercial banks in India by setting guidelines for their operations, conducting inspections and audits, and monitoring their compliance with prudential norms. The central bank also issues licenses to new banks and oversees mergers and acquisitions in the banking sector.
4. What is the significance of the RBI's foreign exchange management?
Ans. The RBI's foreign exchange management is significant as it helps maintain stability in the exchange rate, build foreign exchange reserves, and facilitate international trade and investment. The central bank intervenes in the foreign exchange market to prevent excessive volatility in the currency value.
5. How does the RBI contribute to financial inclusion in India?
Ans. The RBI promotes financial inclusion in India by implementing policies to ensure access to banking services for all segments of the population, including marginalized communities. The central bank mandates banks to open branches in underserved areas and offers guidelines for inclusive banking practices.
Explore Courses for UPSC exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Related Searches

Exam

,

practice quizzes

,

study material

,

Extra Questions

,

Previous Year Questions with Solutions

,

shortcuts and tricks

,

Objective type Questions

,

Summary

,

How RBI Works Video Lecture | Commerce & Accountancy Optional Notes for UPSC

,

Free

,

How RBI Works Video Lecture | Commerce & Accountancy Optional Notes for UPSC

,

How RBI Works Video Lecture | Commerce & Accountancy Optional Notes for UPSC

,

mock tests for examination

,

MCQs

,

pdf

,

Sample Paper

,

ppt

,

Semester Notes

,

video lectures

,

past year papers

,

Viva Questions

,

Important questions

;