{"id":7175,"date":"2020-03-17T17:58:52","date_gmt":"2020-03-17T12:28:52","guid":{"rendered":"https:\/\/triumphias.com\/blog\/?p=7175"},"modified":"2020-03-17T17:58:52","modified_gmt":"2020-03-17T12:28:52","slug":"%e2%96%bamain-functions-of-rbi","status":"publish","type":"post","link":"https:\/\/triumphias.com\/blog\/%e2%96%bamain-functions-of-rbi\/","title":{"rendered":"\u25baMAIN FUNCTIONS OF RBI"},"content":{"rendered":"<p><span style=\"color: #0000ff;\"><strong>Relevance: Prelims: Economy<\/strong><\/span><\/p>\n<p><span style=\"text-decoration: underline; color: #ff0000;\"><em><strong>ROLE DESCRIPTION<\/strong><\/em><\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/image.slidesharecdn.com\/rbi-pptfinal-160816115459\/95\/role-of-rbi-in-indian-banking-system-itt-presentation-16-638.jpg?cb=1471348686\" alt=\"Image result for \u25baMAIN FUNCTIONS OF RBI\" \/><\/p>\n<p><strong>Monetary Authority<\/strong><\/p>\n<ul>\n<li>Formulates, implements and monitors the monetary policy.<\/li>\n<li><strong>Objective: <\/strong>maintaining price stability while keeping in mind the objective of growth.<\/li>\n<\/ul>\n<p><strong>Regulator and\u00a0<\/strong><strong>supervisor of the\u00a0<\/strong><strong>financial system<\/strong><\/p>\n<ul>\n<li>Prescribes broad parameters of banking operations within which the country&#8217;s banking and financial system functions.<\/li>\n<\/ul>\n<ul>\n<li><strong>Objective: <\/strong>Maintain public confidence in the system, protect depositors&#8217; interest and provide costeffective<\/li>\n<\/ul>\n<p>banking services to the public.<\/p>\n<p><strong>Manager of Foreign\u00a0<\/strong><strong>Exchange<\/strong><\/p>\n<ul>\n<li>Manages the Foreign Exchange Management Act, 1999.<\/li>\n<li><strong>Objective: <\/strong>to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India.<\/li>\n<\/ul>\n<p><strong>Issuer of currency<\/strong><\/p>\n<ul>\n<li>Issues and exchanges or destroys currency and coins not fit for circulation.<\/li>\n<li><strong>Objective: <\/strong>to give the public adequate quantity of supplies of currency notes and coins and in<\/li>\n<\/ul>\n<p>good quality.<\/p>\n<p><strong>Developmental role <\/strong>Performs a wide range of promotional functions to support national objectives.<\/p>\n<p><strong>Other functions<\/strong><\/p>\n<ul>\n<li><strong>Banker to the Government: <\/strong>performs merchant banking function for the central and the state governments; also acts as their banker.<\/li>\n<\/ul>\n<ul>\n<li><strong>Banker to banks: <\/strong>maintains banking accounts of all scheduled banks.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/03\/understanding-the-reserve-bank-of-india-6-638.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7176\" src=\"https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/03\/understanding-the-reserve-bank-of-india-6-638.jpg\" alt=\"\" width=\"638\" height=\"479\" srcset=\"https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/03\/understanding-the-reserve-bank-of-india-6-638.jpg 638w, https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/03\/understanding-the-reserve-bank-of-india-6-638-150x113.jpg 150w, https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/03\/understanding-the-reserve-bank-of-india-6-638-300x225.jpg 300w\" sizes=\"auto, (max-width: 638px) 100vw, 638px\" \/><\/a><\/p>\n<p><span style=\"color: #0000ff;\"><strong>For more such notes, Articles, News &amp; Views Join our Telegram Channel.<\/strong><\/span><\/p>\n<p><a title=\"telegram Link\" href=\"https:\/\/t.me\/triumphias\" target=\"_blank\"><span style=\"color: #ff0000;\"><strong>https:\/\/t.me\/triumphias<\/strong><\/span><\/a><\/p>\n<p><span style=\"color: #0000ff;\"><strong>Click the link below to see the details about the UPSC \u2013Civils courses offered by Triumph IAS.<\/strong> <\/span><span style=\"color: #ff0000;\"><strong><a style=\"color: #ff0000;\" title=\"Courses available\" href=\"https:\/\/triumphias.com\/pages-all-courses.php\">https:\/\/triumphias.com\/pages-all-courses.php<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relevance: Prelims: Economy ROLE DESCRIPTION Monetary Authority Formulates, implements and monitors the monetary policy. Objective: maintaining price stability while keeping<\/p>\n","protected":false},"author":1,"featured_media":6714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[230],"tags":[392],"class_list":["post-7175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-quick-revision-prelims-economy","tag-union-public-service-commission-upsc"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/comments?post=7175"}],"version-history":[{"count":1,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7175\/revisions"}],"predecessor-version":[{"id":7177,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7175\/revisions\/7177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media\/6714"}],"wp:attachment":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media?parent=7175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/categories?post=7175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/tags?post=7175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}