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UPSC CSE Prelims RBI Structure & Functions Flashcards

Master 10 rbi structure & functions concepts for the UPSC CSE Prelims.

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Question

Complete the timeline of the Reserve Bank of India's formation:

The RBI was established in under the provisions of the RBI Act of , and was later nationalized in the year .

Question

Consider the following statements regarding the Reserve Bank of India (RBI):

  1. It acts as a banker to both the Central and State Governments.
  2. It manages the public debt of the government. Which of the statements given above is/are correct?

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