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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.
- 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?
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?
Which of the following is not a function of a commercial bank?
Which of the following statements are true?
- The Reserve Bank of India is the central bank of the country.
- All currency notes (except one rupee note) bear the signature of Governor, RBI.
- 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): 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.
Mention two ways in which the Reserve Bank of India assists the commercial banks.
The Central Bank is the apex monetary institution of the country. Explain its role of a Banker of the Government.
- Name the institution that enjoys the monopoly of note issue in India.
- Briefly explain two qualitative methods of credit control adopted by this institution.
