economicsThe ____ monitors all the other banks

The ____ monitors all the other banks


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    Solution:

    The Reserve Bank of India monitors all the other banks.
    It also records whether the banks are maintaining the minimum cash balance and monitors the loan activities of banks, whether the loans are being provided to needy people or only to profit-making businesses. Loans here are comparatively difficult to obtain as these institutions only lend with proper documents and collateral. The informal source of credit consists of moneylenders, traders, friends, and employers. There needs to be someone to monitor their loan activities. Therefore they exploit poor households.
     
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