Reserve Bank of India

why only is RBI called central bank of india and not other banks?

do any one of you have idea on how rbi intervenes in forex market? i am doing a project on central bank intervntion in forex market. iam trying tom find out whether the methods adopted by other central banks like federal reserve bank of US. to implement in india. post ur answers here.

In India which concern is dealing all debts owed by indian citizen at any foreign countries..? Is it RBI ..? or any other central banks..? or CBI like people ..? or Insurance agents assigned by foreign banks in india ..? to collect the debts owed by a resident and escaped to india. Is there any inter-pol involvement to deal the case or they can sue us legally by indian law..? Pls illustrate me clearly.... (my cousin is in deep trouble. how he can come out & to whom he can approach to get rid of them..?) Actually he was working in UAE, as his mother was serious, he came on Emergency leave & time extended due to the operation of his mother and he couldn't get back on time. He sent an resignation letter to his company by e-mail for their information. His presence is must by seeing his mother's condition. Now what will be his debts around Dhs.85 K (say nearly 10 lakhs of indian money) which he got as personal 1 year back and last 15 installments were paid on time. This was totally based on salary transfer loan UAE (dubai). Now what and all complications he would face...? Pls explain it in detail...

Whether GOI is keeping Dollars as reserve fund with Central Bank of America? Its implications on Rupee value? RBI is keeping Gold as reserves for printing Indian currency. If India is keeping its surplus foreign currency in $ with USA then it is loosing its capital due to depreciation in value of $ vis-a-vis Rupee? Is India facing this situation? Why cann't India invest in purchase of other currencies which have a trend of appreciation in value? Raising CRR or reducing rate of interest on savings is not the right solution as it would result in financial crunch. and dishearten the domestic trade. Why cann't India use surplus foreign exchange to develop or procure items of Infrastructural support? Even if there is deficit financing or fiscial dificit, how is it adverse to our economic interest. USA is consistently using this method in its national economy. With Rupee going strong, why India is accelerating its policy of attaching no controls over valuation of currency when China is deliberately controling Yuan at under-rated value to serve its export policy and is trade surplus state.

India, China to escape economic downturn: German economist? (The Hindu, Aug 10, 2006) India and China will escape the downturn that other countries in the world are expected to face, with Asian countries expected to grow by at least seven per cent and nine per cent respectively during the current fiscal, Deutsche Bank Chief Economist Norbert Walter said on Wednesday. Delivering a lecture on "World Economy--Longest Ever Recovery About to End?", Walter said he sympathises with the concerns expressed by the Reserve Bank over inflationary expectations in its quarterly review of the monetary policy. RBI had hiked interest rates, at which banks park their short term funds with the central bank and vice versa by 0.25 per cent each, leading to increase in interest rates by some banks. To make up for the slowing down of investment that certain interest rate sensitive areas may witness, India should facilitate pumping of funds in other areas, he suggested. source:http://www.zoomchina.com.cn/index.php?/content/view/11020/1/

i need key for the objective questions of licentiate exam.? True/False 1.Recession is caused essentially by the flow or availability of money in relation to the availability of goods:- 2.Minor ports are managed by central govt:- 3.Insurance business is a knowledge based business:- 4.Chambers of Commerce are usually constituted separately for geographical areas.:- 5.The carriers Act 1865 defines the rights and liabilities of shipping companies.:- 6.The solatium fund for Hit & Run accidents compensation is financed entirely by central govt. 7.Bank rate is the rate which the RBI lends to bank:- 8.A derivatives transaction dose not transfer ownership but promises ownership on future date. 9.IRDA regulation applies to Postal Life business:- 10.Provisions relating to nomination applies to general insurance policies:- 11.The MD of insurance company is eligible to receive profit commission:- 12.Life insurance funds refers to total of all the assets of a life insurer. 13.Leasing companies do the same business as hire purchase companies:- 14.Derivatives are financial contract:- 15.Parties to a transaction in stock exchange have to physically present:- 16.Multimodal transportation is relevant only in case of international trade:- 17.Bill of entry is a document which is evidence of contract of carriage between shipper & shipping company:- 18.When mate’s receipt for goods is issued by the captain of the ship there is no need for bill of landing:- 19.A general area Licence from the government of india is required for exports from India:- 20.Mercantile agents earn commission for their services but do not obtain ownership of the goods:- 21.Warehouse keepers have a lien on the goods for the charges payable to them:- 22.Auctioneers have a lien on the goods for the charges payable to them:- 23.Exchange control Regulations of RBI apply only to re-insurance business not to Insurance business:- 24.The public liability Insurance Act 1991 provides for compulsory insurance on “no-fault liability” basis:- 25.The function of railways claims Tribunals are to deal with claim s for cargo loss as well as for personal injury:- 26.Lok Adalat deal with pending cases with motor accidents claim where no defence available to insurers & liability of drivers is more or less certain:- 27.A chambers of commerce is a chamber where commerce take place:- 28.A multinational company is registered as such as company act:- 29.Financial Institutions have become less important since 1990’s:- 30.An IPO states the price at which the shares are offred:- 31.An office is a place where business are transacted:- 32.Banks are not allowed to transact insurance business:- 33.Fees in educational institutions are adequate to meet the costs of education:- 34.The accounts of company are audited by its Audit Committee:- 35.The ombus person is not a judicial authority:- 36.A common seal of the company is used:- 37.The multi-modal transport operators liability is limited to the total loss of goods:- 38.The GIC role has become that of a national re-insurer:- 39.If the employee is found to be guilty, the employer may also be liable for punishment:- 40.Debenture holders are creditors of the company:- 41.Digital signature are permitted & recognized by law:-

Whether GOI is keeping Dollars as reserve fund with Central Bank of America? Its implications on Rupee value? RBI is keeping Gold as reserves for printing Indian currency. If India is keeping its surplus foreign currency in $ with USA then it is loosing its capital due to depreciation in value of $ vis-a-vis Rupee? Is India facing this situation? Why cann't India invest in purchase of other currencies which have a trend of appreciation in value? Raising CRR or reducing rate of interest on savings is not the right solution as it would result in financial crunch. and dishearten the domestic trade. Why cann't India use surplus foreign exchange to develop or procure items of Infrastructural support? Even if there is deficit financing or fiscial dificit, how is it adverse to our economic interest. USA is consistently using this method in its national economy. With Rupee going strong, why India is accelerating its policy of attaching no controls over valuation of currency when China is deliberately controling Yuan at under-rated value to serve its export policy and is trade surplus state.