Advertisements
Advertisements
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
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.
APPEARS IN
संबंधित प्रश्न
Name the institution which enjoys the monopoly of note issue
Which of these is the apex bank of the Indian Banking System?
Give two reasons as to why a Central Bank is needed.
Bank rate is for ______
______ refers to a certain percentage of total deposits the commercial banks are required to maintain in the form of cash reserve with the Central bank.
______ acts as a banker, advisor and agent to the Central and State Governments.
Read the below case and answer the question that follow:
In a 40 minute long speech Prime Minister Narendra Modi announced the demonetisation of existing notes of ₹ 500 and ₹ 1,000 during a televised address on Tuesday evening. - "What is demonetisation and why was it done?" |
Under whose purview does the issue of new currency fall in?
______ is the main source of money supply in an economy.
The Chief of the Reserve Bank of India is called ______.
Write any two differences between:
Central Bank and Commercial Bank