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Fill in the Blank with Appropriate Alternatives Given Below ____________ is the Apex Body of the Monetary and Banking Systems of the Nation'S Economy. - Economics

MCQ
Fill in the Blanks

Fill in the blank with appropriate alternatives given below

____________ is the apex body of the monetary and banking systems of the nation's economy.

Options

  • Commercial bank

  • Central bank

  • Government

  •  Co-operative bank

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Solution

Central bank is the apex body of the monetary and banking systems of the nation's economy.

Explanation: The Central Bank is the apex institution of a country's economy. It regulates and controls the activities of all the commercial banks and other financial institutions in the country. It plays a pivotal role in the organisation and development of a sound monetary and financial system in an economy.

Concept: Definition - Central Bank
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 13 Central Banking
Exercise | Q 1.4 | Page 121
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