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प्रश्न
“The central bank is a banker’s bank.” Explain.
“The central bank is a banker’s bank.” Comment.
“The central bank is a banker’s bank.” Justify for and against by giving suitable reasons.
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उत्तर
- The central bank functions as a banker for the country's commercial banks.
- It serves as the lender of last resort, providing funds to commercial banks through loan advances and bill rediscounting.
- Commercial banks are required to keep a cash reserve with the central bank so as to control credit in the country.
- The central bank advises commercial banks on matters relating to their business.
Notes
Students can refer to the provided solutions based on their preferred marks.
संबंधित प्रश्न
Select the proper option from the options given below and rewrite the sentences:
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