Discuss the role of Ambedkar in formation of Reserve Bank of India (RBI).

Dr. B.R. Ambedkar played a significant role in the formation of the Reserve Bank of India (RBI), which is India's central bank. His contributions to the establishment of the RBI can be outlined as follows:

1. Drafting the RBI Act: Ambedkar was a key figure in the preparation of the Reserve Bank of India Act, 1934. As the chairman of the Central Banking Enquiry Committee, commonly known as the Hilton Young Commission, he was tasked with studying and recommending the structure of the central bank for India. The recommendations made by this committee laid the _________ _________ _________ _____ ____ _______ __________.
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