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The Central Bank, Monetary Policy and Demonetisation
Economics · Chapter 11 · 4. Banking in India
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- Central bank: meaning; the Reserve Bank of India
- Functions of the central bank: note issue, bankers' bank, banker, agent and adviser to the government, custodian of foreign exchange, lender of last resort
- Quantitative credit control: bank rate, open market operations, CRR and SLR
- Qualitative credit control: margin requirements, credit rationing and moral suasion
- Demonetisation: meaning and objectives (brief)