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Identify which of the following is not the function of the central bank? - Economic Applications

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प्रश्न

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

विकल्प

  • Banking facilities to government.

  • Banking facilities to public.

  • Lendings to government.

  • Lendings to commercial banks.

MCQ
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उत्तर

Banking facilities to public.

Explanation:

The central bank (such as the Reserve Bank of India) primarily serves the government and commercial banks but does not directly provide banking services to the common population. Commercial banks are responsible for providing banking services to the general public, such as accepting deposits, making loans, and offering savings accounts.

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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 4. | पृष्ठ २११
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 8 Central Bank
Exercise | Q 4. | पृष्ठ १५६

संबंधित प्रश्न

Which of the following is not a function of the Central Bank?


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 ______ 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 ______.


______ is the main function of 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.

Identify the function of RBI as indicated by the following image.


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

Assertion (A): Central Bank acts as a banker to the Government.

Reason (R): Except the one rupee note, all other currency notes bear the signature of Governor of RBI.


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?


The Central Bank is the apex monetary institution of the country. Explain its role of a Banker of the Government. 


Discuss the role of the Central Bank as the fiscal agent to the government. 


Explain the banker’s bank function of the Central Bank.


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


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