Maharashtra State Board course HSC Science (Computer Science) 12th Board Exam
Share
Notifications

View all notifications

State Whether the Following Statement is True Or False with Reason:Central Bank Works for Profit. - Economics

Login
Create free account


      Forgot password?

Question

State whether the following statement is True or False with reason:

Central Bank works for profit.

Solution

False, the central bank does not work for earning profits.
Explanation:
Central bank is the apex financial institution of a country. It performs various functions such as being a banker to the government, controller of the credit, issuer of the currency notes and others. The main objective of a central bank is to work for the benefit and development of the society as a whole and not to earn profits.‚Äč

  Is there an error in this question or solution?

APPEARS IN

 2012-2013 (March) (with solutions)
Question 2.2.7 | 2.00 marks
 2010-2011 (March) (with solutions)
Question 2.2.8 | 2.00 marks
Solution State Whether the Following Statement is True Or False with Reason:Central Bank Works for Profit. Concept: Definition - Central Bank.
S
View in app×