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Economics · 2024 · 4 marks
CBSE 2024 · Region 2 · Set 1 · Q15
Reserve Bank of India undertakes the important function of managing the government’s banking transactions. Discuss the above stated function…
Reserve Bank of India undertakes the important function of managing the government’s banking transactions.Discuss the above stated function performed by the Reserve Bank of India.
Marking-scheme solution
The Reserve Bank of India (RBI) acts as a banker to both central as well as state governments. The RBI maintains account, accepts receipts and makes payments for the government and carries out exchange, remittance and other banking operations. It advances credit/loan to the government to meet its requirements in case of crisis.
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CBSE Class 12 Economics past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.