CURRENT AFFAIRS

Detailed explanation-1: -The Reserve Bank of India (RBI) has constituted a three-member Advisory Committee to assist the Administrator of Reliance Capital .

Detailed explanation-2: -Press Releases. The Reserve Bank of India, on November 29, 2021 has superseded the board of directors of Reliance Capital Ltd. and appointed Shri Nageswara Rao Y, ex-Executive Director, Bank of Maharashtra, as the Administrator.

Detailed explanation-3: -The RBI’s primary functions include acting as a banker’s bank, a custodian of foreign reserves, a credit controller, and overseeing the printing and circulation of currency notes. The Reserve Bank of India (RBI) seems to be the country’s central bank. The Reserve Bank of India is a government-owned corporation.

Detailed explanation-4: -The correct answer is Royal Commission. The Reserve Bank of India was set up on the basis of the recommendations of the Royal Commission on Indian Currency and Finance also known as the Hilton-Young Commission. The Reserve Bank of India was established following the Reserve Bank of India Act of 1934.

Detailed explanation-5: -As Executive Director, Shri Choudhary will look after Fintech Department, Risk Monitoring Department and Inspection Department.