(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Economic Applications

______ is the main function of central bank.

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

Which of the following is not a function of a commercial 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.

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.

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. 

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

Developmental functions.

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.

The law of supply is based on the assumption of ______.

State the similarities between monopolistic competition and monopoly.