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______ is the main function of central bank. - Economic Applications

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प्रश्न

______ is the main function of central bank.

विकल्प

  • Credit creation

  • Accepting deposits from public

  • Note issue

  • None of these

MCQ
रिक्त स्थान भरें

उत्तर

Note issue is the main function of central bank.

Explanation:

One of the primary functions of a central bank is the issue of currency notes. The central bank has the authority to issue the country's currency, ensuring that the money supply is stable and controlled.

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Functions of a Central Bank
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 9: Central Banks - QUESTIONS [पृष्ठ २११]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 9 Central Banks
QUESTIONS | Q 3. | पृष्ठ २११
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 8 Central Bank
Exercise | Q 3. | पृष्ठ १५६

संबंधित प्रश्न

Which of the following is not a function of the Central Bank?


Explain the functions of the RBI with respect to the following:

  1. Custodian of foreign exchange reserves.
  2. Monopoly of note issue.
  3. Clearing house facility.
  4. Banker and fiscal agent to the government.

Assertion (A): Central bank as a banker to the government, works as a custodian of foreign exchange reserves.
Reason (R): The Central bank acts as a Clearing house for the transfer and settlement of mutual claims of commercial banks.


The RBI settles claims of other commercial banks by a process of book entries. It helps to stabilize the banking system in the economy. Which function of the Central bank is explained here.


  1. In the realm of economic development, how does the role of entrepreneurs impact the overall growth and stability of a nation.

The Central bank is having the authority to regulate the amount of money supply in the economy.

Based on the above explain the following.

  1. Credit Rationing
  2. CRR
  3. Regulation of Margin Requirements
  4. Bank Rate

Central bank is the ______ of the country's foreign currency reserves.


Give two major functions of the central bank of our country.


Explain the 'Clearing House Function' of the Central Bank?


Identify which of the following is not the function of the central bank? 


The central bank acts as ______.


Which of the following statements are true?

  1. The Reserve Bank of India is the central bank of the country.
  2. All currency notes (except one rupee note) bear the signature of Governor, RBI.
  3. The objective of the Reserve Bank of India is to earn profit.

Identify the function of RBI as indicated by the following image.


How does the central bank act as a lender as the last resort?


Who normally keep their deposits in the Central Bank?


Name the institution that enjoys the monopoly of note issue in India.


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