Question

Which statement best describes the central bank?

विकल्प

• A bank that only provides loans to the public

• A bank that aims only to maximise profits

• A bank that is the apex authority of a country’s monetary and banking system

• A bank that deals only in foreign exchange

Answer 1

A bank that is the apex authority of a country’s monetary and banking system

Explanation: 

The central bank stands at the apex of the monetary and banking structure and controls money and credit in the country.