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Social Science · 2025 · 3 marks
Money and CreditSupervision of Formal Credit by the Reserve Bank of India3 marksUnderstandshort answer
CBSE 2025 · Region 3 · Set 1 · Q28
"Reserve Bank of India plays a crucial role in regulating the Indian banks." Justify the statement.
"Reserve Bank of India plays a crucial role in regulating the Indian banks." Justify the statement.
Marking-scheme solution
(i) RBI issues the currency on behalf of the Central Government.
(ii) It supervises the functioning of formal sources of loans.
(iii) It monitors the banks for cash balancing.
(iv) It sees that the banks give loans not just for profit making businesses and traders but also to small cultivators, small industries and small borrowers etc.
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CBSE Class 10 Social Science past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.