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
Answer the following question.
Explain the 'lender of last resort' function of central bank.
Explain bankers bank function of a Central bank.
State whether the following statement is True or False:
The main objective of the Central Bank is to earn a profit.
Distinguish between the following.
Commercial Bank and Central Bank.
State whether the following statements are True or False with reasons (Any Four) :
The Central bank works as a Bankers’ Bank.
Define or Explain the following concept.
Clearing House System
Give reason or explain.
The CRR affects the lending capacity of the banks.
Write Short note on :
Cash Reserve Ratio (CRR)
Answer the following question:
Explain the Data Collection and Publicity functions of the Central Bank.
Explain the functions of the Central Bank.
