answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: When was RBI taken over by the government year?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

Who issued government securities in India?

Rbi issues the govt securities in India


Who is the fiscal agent and advisor to government in monetary and financial matters in India?

Central Banks


Explain the measures of money supply in India?

MEASURES OF MONEY SUPPLY IN INDIAThe Reserve Bank of India defines the monetary aggregates as:Reserve Money (M0): Currency in circulation + Bankers' deposits with the RBI + 'Other' deposits with the RBI = Net RBI credit to the Government + RBI credit to the commercial sector + RBI's claims on banks + RBI's net foreign assets + Government's currency liabilities to the public - RBI's net non-monetary liabilities.M1: Currency with the public + Deposit money of the public (Demand deposits with the banking system + 'Other' deposits with the RBI).M2: M1 + Savings deposits with Post office savings banks.M3: M1+ Time deposits with the banking system = Net bank credit to the Government + Bank credit to the commercial sector + Net foreign exchange assets of the banking sector + Government's currency liabilities to the public - Net non-monetary liabilities of the banking sector (Other than Time Deposits).M4: M3 + All deposits with post office savings banks (excluding National Savings Certificates).


Current inflation position in India?

explain the inflationary position in india. describe its causes and mention the steps taken by rbi governor to control inflation


What are the tools and techniques used by RBI for monetary control?

techniques of monetary control of rbi

Related questions

Duwuri Subbarao's name was in news recently as he has taken over as the Governor of?

RBI


Is RBI government company or public corporation?

RBI, the Reserve Bank of India, was established in 1935 and was privately owned. The government of India took over the bank in the nationalization in 1949.


Duwuri subbarao s name was in news recently he has taken over as governor of?

RBI


What is the role of rbi in banking?

government securities


Is public company is government company?

RBI, the Reserve Bank of India, was established in 1935 and was privately owned. The government of India took over the bank in the nationalization in 1949.


Why has the Repo rate taken precedence over the bank rate as a short term interest rate?

Repo is like a repurchase agreement.The rate at which RBI sells securities to bank. But, bank rate is the rate by which RBI lends money to commercial banks. Annu Prakash


When was the reserve bank of India taken over by the government?

1949 After the Partition of India in 1947, the Bank served as the central bank for Pakistan until June 1948 when the State Bank of Pakistan commenced operations. Though originally set up as a shareholders' bank, the RBI has been fully owned by the Government of India since its nationalization in 1949.


What is the banking system in India?

Banking system in India is monitored by an agency called RBI. RBI grants licenses to new banks after consulting it with government agencies.


Who is the fiscal agent and advisor to government in monetary and fiscal matters of India?

RBI


Who issued government securities in India?

Rbi issues the govt securities in India


Who holds the record for the most RBI in a year?

Hack Wilson


Director of rbi appointed for how many year?

for 4 years