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The Reserve Bank of India was nationalized on January 1, 1949, transitioning from a privately-held institution to full government ownership. This strategic nationalization occurred shortly after India's independence and represented a critical component of the country's economic reforms. The nationalization ensured that monetary policy would be aligned with national interests rather than private sector priorities. Today, the RBI serves multiple crucial functions: formulating monetary policy, issuing currency, supervising financial institutions, maintaining financial stability, managing foreign exchange reserves, and acting as the lender of last resort during economic crises. The bank's transition to public ownership has enabled it to implement important initiatives including rural banking expansion and guided credit distribution in support of India's economic development objectives.
The number of boys and girls in a school is 250 and 360 respectively. 20% of boys left the school while 30 girls took admission in the school. Find the ...
The value of
Who among the following Indians established the 1st school for women in India ?
If the sum of two numbers is cubed and equals 3375, and their product is 150, what is the positive difference between their individual cubes?
Under the Employees’ State Insurance Act, 1948, what is the minimum number of employees required for a company (With electric power) to be covered und...
Anil and Ashish receive Rs.2100 for work of 7 days. If Anil is 4 times efficient than Ashish, then find the daily wage received by Ashish.
A man engaged a servant on the condition that he would pay him 120 and a turban after service of one year. He served only for nine months and received t...
Which of the following statements are true in regards to the Singh Sabha Movement?
1. A Sikh movement that began in Punjab in the 1870s
...Which gas is most abundant in the Earth's atmosphere?
Which of the following ministry is responsible for the implementation of “Deen Dayal antyodaya yojana- National rural livelihood mission?
