Custodian of Funds: It holds the government’s deposits and facilitates transactions.
Debt Management: It manages the issuance of public debt and treasury bills.
Policy Advisor: The central bank advises the government on monetary and fiscal policies.
During the British rule, India’s foreign trade had various features except _________ .
Read the following text carefully from ‘The Economic Times’ dated 8th June, 2023:
{“The Reserve Bank of India’s (RBI’s) rate-setting panel unanimously decided to keep the benchmark lending rate unchanged at 6.5%. The committee voted to remain focused on the withdrawal of accommodative monetary policy.”}
On the basis of the given text and common understanding, answer the following questions: (a) Identify and discuss the economic issue indicated in the above text.