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Role of Central Bank - Understanding Monetary Policy (for UPSC CSE)

Lesson 3 of 9 • 1025 upvotes • 7:37 mins

Ayussh Sanghi

This lesson goes beyond the introduction and covers the extremely important role of RBI in determining monetary policy - how it acts as a banker to the banks, banker to the government, lender of the last resort, as a controller of the credit, how it announces monetary policy 6 times a year and ends with the discussion on Qualitative and Quantitative instruments of Monetary Policy.