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प्रश्न
Distinguish between the following:
Commercial bank & Central bank
उत्तर
| Basis of Difference |
Commercial Bank | Central Bank |
| Objective | The main objective of a commercial bank is to make profits. |
The main objective of the central bank is to regulate and control the functioning of other banks. |
| Issue of notes |
It cannot issue currency notes and coins. |
It has the exclusive right to issue currency notes and coins. |
| Deposits | It accepts deposits from the general public. |
It does not accept deposits from the general public. |
| Public dealings |
It directly deals with the general public. |
It does not directly deal with the general public. |
| Ownership | It can be owned by private players or the Government. |
There is only one central bank in India, i.e., RBI. |
| Number | There are many commercial banks in India. |
There is only one central bank in India, i.e., RBI. |
| Monetary Policy | The commercial banks do not frame any monetary policy. | The Central bank frames the monetary policy and credit policy. |
| Monitoring | The commercial bank does not keep check on the Central bank. | The Central bank keeps a check on the working of the commercial banks. |
| Printing of currency | The commercial bank cannot print currency notes. | The central bank can print currency notes. |
| Function | The main function is to accept deposits from public for lending to industry and others. | The main function of the central bank (RBI) is to regulate money supply in the country. |
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संबंधित प्रश्न
Cash can be withdrawn from ATM at any time.
Current Account Saving Account
Function of Commercial Bank? Only Primary Function?
Distinguish between the following:
Savings account & Fixed account
Distinguish between the following:
Loan & Overdraft
Write Short Note on the following:
Primary functions of commercial banks
Write Short Note on the following:
Agency functions of commercial banks
Write Short Note on the following:
Utility functions of commercial banks
Answer the following question in short:
State the primary functions of banks.
Answer the following question:
What is commercial bank? Explain its primary functions.
Answer the following question.
Explain discounting bills of exchange as one of the functions of the banks.
The secondary function of commercial banks?
Read the passage given below and answer the questions that follow.
|
The Monetary Policy Committee (MPC) increased the repo rate, at which the RBI lends short-term funds to commercial banks, from 6.25 percent to 6.50 percent. This increase in the repo rate is based on the increase in the key rate by 250 bps. The Committee also decided to continue the withdrawal of money supply in the economy. |
- Which function of the central bank is hinted at in the passage given above? (1)
- In which situation does central bank adopt the measure given in the above passage? (1)
- Explain any two monetary measures that can be used to accomplish a similar objective, other than the one given in the above passage. (4)
- Differentiate between Reserve Bank of India and Commercial banks by giving any two points. (2)
