Maharashtra State BoardHSC Commerce 12th Board Exam
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State Whether the Following Statements is True Or False. the Main Objective of a Central Bank is to Earn Profit. - Economics

MCQ
True or False

State whether the following statements is TRUE or FALSE.

The main objective of a Central Bank is to earn profit. 

Options

  • True

  • False

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Solution

The main objective of a Central Bank is to earn profit. - False

Explanation: The central bank is the apex institution of a country's monetary system. The main objective of this bank is to regulate and control the activities of all the commercial banks and other financial institutions of the country. However, profit making is not the main objective of the central bank.

Concept: Central bank Function - Goverment Bank
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 13 Central Banking
Exercise | Q 3.5 | Page 121
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