English

______ is the main function of central bank.

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Question

______ is the main function of central bank.

Options

  • Credit creation

  • Accepting deposits from public

  • Note issue

  • None of these

MCQ
Fill in the Blanks
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Solution

Note issue is the main function of central bank.

Explanation:

One of the primary functions of a central bank is the issue of currency notes. The central bank has the authority to issue the country's currency, ensuring that the money supply is stable and controlled.

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Functions of a Central Bank
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Chapter 9: Central Banks - QUESTIONS [Page 230]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 9 Central Banks
QUESTIONS | Q 3. | Page 230
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 8 Central Bank
Exercise | Q 3. | Page 186

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