Advertisements
Advertisements
Question
Explain the following function of the Central Bank:
Fiscal agent of the government.
Advertisements
Solution
As a fiscal agent, the Central Bank performs the following functions:
- It manages the public borrowings for the government.
- It collects taxes and other payments on behalf of the government.
- It acts as the government agent to enforce foreign exchange control.
APPEARS IN
RELATED QUESTIONS
The Central bank may take direct action against the defaulting commercial banks.
Answer the following question.
Explain the 'lender of last resort' function of central bank.
Explain bankers bank function of a Central bank.
Explain 'Bankers' Bank' function of the central bank.
Distinguish between the following.
Commercial Bank and Central Bank.
Give reason or explain.
The CRR affects the lending capacity of the banks.
Distinguish between:
Cash Reserve Ratio and Statutory Liquidity Ratio
Answer the following question:
Explain the Data Collection and Publicity functions of the Central Bank.
State with reason whether you agree or disagree with the following statement.
A co-operative bank acts as a lender of the last resort.
Explain the functions of the Central Bank.
