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Question
Identify which of the following is not the function of the central bank?
Options
Banking facilities to government.
Banking facilities to public.
Lendings to government.
Lendings to commercial banks.
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Solution
Banking facilities to public.
Explanation:
The central bank (such as the Reserve Bank of India) primarily serves the government and commercial banks but does not directly provide banking services to the common population. Commercial banks are responsible for providing banking services to the general public, such as accepting deposits, making loans, and offering savings accounts.
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