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______ is the main function of central bank. - Economic Applications

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प्रश्न

______ is the main function of central bank.

विकल्प

  • Credit creation

  • Accepting deposits from public

  • Note issue

  • None of these

MCQ
रिक्त स्थान भरें
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उत्तर

Note issue is the main function of central bank.

Explanation:

One of the primary functions of a central bank is the issue of currency notes. The central bank has the authority to issue the country's currency, ensuring that the money supply is stable and controlled.

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Functions of a Central Bank
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 9: Central Banks - QUESTIONS [पृष्ठ २११]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 9 Central Banks
QUESTIONS | Q 3. | पृष्ठ २११
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 8 Central Bank
Exercise | Q 3. | पृष्ठ १५६

संबंधित प्रश्न

Explain the functions of the RBI with respect to the following:

  1. Custodian of foreign exchange reserves.
  2. Monopoly of note issue.
  3. Clearing house facility.
  4. Banker and fiscal agent to the government.

Assertion (A): Central bank as a banker to the government, works as a custodian of foreign exchange reserves.
Reason (R): The Central bank acts as a Clearing house for the transfer and settlement of mutual claims of commercial banks.


The Central bank is having the authority to regulate the amount of money supply in the economy.

Based on the above explain the following.

  1. Credit Rationing
  2. CRR
  3. Regulation of Margin Requirements
  4. Bank Rate

Which of the following is/are the function(s) of central bank.


The ______ is the central bank of our country which has the authority to print currency notes.


What is meant by clearing house function of the RBI?


Explain the 'Clearing House Function' of the central bank.


The main advantage of giving the monopoly right of note issue to the central bank is that it ______.


Identify which of the following is not the function of the central bank? 


The central bank acts as ______.


Which of the following statements are true?

  1. The Reserve Bank of India is the central bank of the country.
  2. All currency notes (except one rupee note) bear the signature of Governor, RBI.
  3. The objective of the Reserve Bank of India is to earn profit.

Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:

Assertion (A): Reserve Bank of India creates credit.

Reason (R): Reserve Bank of India is known as a bank of note issue.


Give two reasons why the central banks enjoy monopoly of note issue.


How is Bank rate altered to correct a depression in an economy? 


Who normally keep their deposits in the Central Bank?


Explain the following function of the central bank of a country.

Developmental functions.


Name the institution that enjoys the monopoly of note issue in India.


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