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प्रश्न
Discuss the role of the Central Bank as the fiscal agent to the government.
How does the central bank act as a fiscal agent to the government?
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उत्तर १
As a fiscal agent, it performs the following functions:
- It manages the public borrowings.
- It collects taxes and other payments on behalf of the government.
- It represents the government in international financial institutions (such as the World Bank, the International Monetary Fund, etc.) and conferences.
उत्तर २
The central bank (RBI) is considered a fiscal agency of the government because it makes and receives payments on behalf of the government. It issues public debt and advises on monetary and financial policies. Thus, the RBI operates as the government's fiscal agent.
संबंधित प्रश्न
Which of the following is not a function of the Central Bank?
Explain the functions of the RBI with respect to the following:
- Custodian of foreign exchange reserves.
- Monopoly of note issue.
- Clearing house facility.
- Banker and fiscal agent to the government.
The RBI settles claims of other commercial banks by a process of book entries. It helps to stabilize the banking system in the economy. Which function of the Central bank is explained here.
- In the realm of economic development, how does the role of entrepreneurs impact the overall growth and stability of a nation.
Which function of RBI is indicated by the above image?
Central bank is the ______ of the country's foreign currency reserves.
The ______ is the central bank of our country which has the authority to print currency notes.
Give two major functions of the central bank of our country.
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 ______.
______ is the main function of central bank.
The central bank acts as ______.
How does the central bank act as a lender as the last resort?
Give two reasons why the central banks enjoy monopoly of note issue.
Mention two ways in which the Reserve Bank of India assists the commercial banks.
Explain the banker’s bank function of the Central Bank.
