Answer:
(a)
The Reserve Bank of India (RBI) supervises the functioning of formal sources of
credit in India.
(b) This is done by the following methods
(i)Commercial Banks are required to
hold part of their cash reserves with the RBI, besides maintaining a minimum
cash balance out of the deposits they receive.
(ii) Commercial Banks have to submit die lending information details to
the RBI to ensure that the banks give loans to all kinds of customers.
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