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Which of the following is/are the function(s) of central bank? - Commercial Applications

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प्रश्न

Which of the following is/are the function(s) of central bank?

विकल्प

  • Banker's bank

  • Lender of the last resort

  • Receive deposits from the public and business firms

  • Provide short-term and medium-term loans to customers

MCQ

उत्तर

Banker's bank and Lender of the last resort

Explanation:

The functions of a central bank include acting as the "banker's bank" and serving as the "lender of last resort." However, it does not typically receive deposits from the public or provide short-term and medium-term loans to individual customers; these functions are usually performed by commercial banks.

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Central Bank: Functions
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 7: Banking and Bank Transactions - EXERCISES [पृष्ठ १२४]

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गोयल ब्रदर्स प्रकाशन Commercial Applications [English] Class 10 ICSE
अध्याय 7 Banking and Bank Transactions
EXERCISES | Q 10. | पृष्ठ १२४
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