Advertisements
Advertisements
Question
Which of the following is not a function of the Central Bank?
Options
Banker to Commercial Banks
Banker to the public
Fiscal agent of the Government
Monopoly of note issue
Advertisements
Solution
Banker to the public
Explanation:
The central bank does not provide banking services to the general public. The bank primarily serves commercial banks and the government, not private customers. Option (a), (c), and (d) describe the functions of a central bank.
APPEARS IN
RELATED QUESTIONS
- In the realm of economic development, how does the role of entrepreneurs impact the overall growth and stability of a nation.
Which function of RBI is indicated by the above image?
Central bank is the ______ of the country's foreign currency reserves.
What is meant by clearing house function of the RBI?
How does the central bank act as a lender as the last resort?
Mention two ways in which the Reserve Bank of India assists the commercial banks.
How is Bank rate altered to correct a depression in an economy?
Explain the following function of the central bank of a country.
Developmental functions.
Discuss the role of the Central Bank as the fiscal agent to the government.
Name the institution that enjoys the monopoly of note issue in India.
