Question : Which organisation monitors the banks actual cash balances?
Option 1: SBI
Option 2: RBI
Option 3: Grameen bank of India
Option 4: none of these
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Correct Answer: RBI
Solution : The correct option is RBI
The Reserve Bank of India (RBI) is in charge of overseeing and regulating India's banking system. It ensures financial stability and keeps the money flowing smoothly. The RBI sets rules for how much money banks must keep in reserve and uses different strategies to manage the money supply. It also keeps an eye on how much actual cash banks have to make sure they can meet their responsibilities. circulation. This dynamic is frequently observed in instances of currency debasement, wherein factors like inflation lead to a reduction in the currency's value.
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