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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 average of the current ages of 'Anoop', 'Bhanu', and 'Rakesh' is 40 years. Their ages are in arithmetic progression (AP), wit...
The average weight of ‘x’ persons is 50 kg. The average weight of (x – 15) women is 40 kg, the average weight of (x – 20) children is 35 kg, and...
Average age of a class of 33 students is 14 years. Average age of the class is increased by 18 months if the age of the teacher is included. Find...
The average weight of five friends A, B, C, D and E is (x+8) years while the average weight of C and E is (x-8) kg. If the weight of another person F is...
P spends 24% of his salary on transportation, 36% on food, 19% on children’s education and 17% on medical. He deposits the remaining amount of Rs....
The average of 14, 57, and z is 40. What is the value of z?
In an examination the average marks of Rohit is 60. If he got 15 more marks in science and 21 more marks in maths then his average would have been 66. F...
Average weight of 13 nurses is 40 kg. If the weight of one more nurse is included, then average weight is increased by 2 kg. Find the weight of the newl...
The average age of X, Y, and Z is 25 years, and the average age of X and Y was 19.5 years at the time of Z's birth. If X is now 30 years old, determine ...
A number is such that when it is multiplied by 4, it gives another number which is as much above from 180 as the original number (itself) is below 180. ...
