Banking

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Pre-written Papers:

Title: Banking

Essay Details:

Subject: Miscellaneous

Author: Lottie S

Date: March 15, 2015

Level:

Grade: A

Length: 12 / 3404

Essay text:

It has the power to sell gold at fix prices to other countries. It also buys and sells foreign currencies at international price. • Manages the Foreign Exchange Management Act, 1999. • It fixes the exchange rate. • It supplies the foreign currency to importers and persons visiting foreign countries. • Objective to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India. • It always works under the limit of IMF and bring stability in foreign exchange rate. Collection and Publication of Data: • RBI collects information relating to banking and other financial sector of economy...

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