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Prepare for your upcoming UPSC Exam with BYJU'S knowledge series. A key topic - Reserve Bank of India (RBI) - Functions and Composition is discussed in the session. This is an important topic in the Indian Economy for UPSC Prelims & Mains 2022-2023.
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Reserve Bank of India (RBI) is India’s central bank. It controls the monetary policy concerning the national currency, the Indian rupee. The basic functions of the RBI are the issuance of currency, to sustain monetary stability in India, to operate the currency, and maintain the country’s credit system.
In this session you will learn about the following
1. Reserve Bank of India (RBI) - Introduction: 00:00
2. History of RBI- 00:35
3. Hilton Young Commission- 01:34
4. Nationalization- 02:56
5. Functions of RBI: 04:00
6. Inflation control by RBI: 04:45
7. RBI's printing of currency notes: 08:22
8. RBI - Banker to the government: 12:20
9. Monetary Policy of RBI: 15:46
10. Banker of Banks & Bank of last resort: 18:46
11. RBI's Forex management: 21:02
12. MCLR- 25:30
Some key aspects that are also covered in this session are RBI governor, the Reserve bank of India headquarters, the Reserve bank of India functions, etc.
RBI was set up on the recommendations of the "Hilton Young Commission".
It is the Central Bank of India, established on "1st April 1935" under the "Reserve Bank of India Act". Initially, it was located in Calcutta. It was moved to Mumbai in 1937.
Initially, RBI was privately owned. Since its Nationalisation in 1949, the Reserve Bank has been owned by the Government of India.
The major functions of RBI include:
- Controlling Inflation
- Printing of currency notes
- Being the banker to the government
- Controlling credit/monetary policy
- Being the banker to banks
Attending live online sessions helps aspirants revise the UPSC syllabus and stay updated with the recent news related to exam pattern or any other important exam-related aspect.
Some important previous year's questions are discussed to boost the aspirants' preparation for their upcoming IAS Exam.
Why wait anymore? Boost your preparation with BYJU'S knowledge series. Stay tuned to learn more about similar important IAS topics only on BYJU'S Exam Prep IAS. Don't forget to like, share, and subscribe to our channel.
Watch all the lectures in the Knowledge Series here: [ Ссылка ]
All the best for your upcoming exams.
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