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प्रश्न
State whether the following statement is true or false:
Central bank also performs commercial banking business.
चूक किंवा बरोबर
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उत्तर
This statement is false.
Explanation:
A central bank’s duty is to govern the country’s banking system and economy, whereas commercial banks interact directly with the general population by accepting deposits and making loans. The central bank serves as a banker for the government and other commercial banks, not for individuals.
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