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Essay

Fianancila Bodies of India

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Stanley G

 

Date added:

September 19, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

29 / 8096

 

Was viewed:

6054 times

 

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Essay content:

Local Boards consist of five members each Central Government appointed for a term of four years to represent territorial and economic interests and the interests of co-operative and indigenous banks. The Reserve Bank of India Act, 1934 was commenced on April 1, 1935. The Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank...
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The Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank. The Bank was constituted for the need of following: • To regulate the issue of banknotes • To maintain reserves with a view to securing monetary stability and • To operate the credit and currency system of the country to its advantage...
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