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Write any two differences between: Central Bank and Commercial Bank - Commercial Applications

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प्रश्न

Write any two differences between:

Central Bank and Commercial Bank

Give one difference between central bank and commercial bank.

अंतर स्पष्ट करें

उत्तर

  Central Bank Commercial Bank
1. Status It is the apex institution of the country's monetary and banking structure. It is one of the organs of the money market.
2. Ownership It is owned by the Government. It is owned by shareholders.
3. Objective It is a non-profit institution. It is a profit making institution.
shaalaa.com

Notes

Students should refer to the answer according to their questions.

Central Bank: Functions
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 7: Banking and Bank Transactions - EXERCISES [पृष्ठ १२५]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Commercial Applications [English] Class 10 ICSE
अध्याय 7 Banking and Bank Transactions
EXERCISES | Q 32. | पृष्ठ १२५

संबंधित प्रश्न

Bank having power of note issue in India is ______.


Why is central bank called as a ‘lender of last resort’ for a commercial bank?


Which of these is the apex bank of the Indian Banking System?


______ is the rate at which the central bank borrows from the commercial banks.


Which of the following are the functions of central bank?


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.
Modi announced that the notes of ₹ 500 and ₹ 1,000 "will not be legal tender from midnight tonight" and these will be "just worthless pieces of paper. PM also urged people to 'join this mahayojna against the ills of corruption.

- "What is demonetisation and why was it done?"
The Economic Times, Nov 09, 2016

Which two currency denominations were demonetised?


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.
Modi announced that the notes of ₹ 500 and ₹ 1,000 "will not be legal tender from midnight tonight" and these will be "just worthless pieces of paper. PM also urged people to 'join this mahayojna against the ills of corruption.

- "What is demonetisation and why was it done?"
The Economic Times, Nov 09, 2016

______ is issued by the government of India.


Identify the correctly matched pair from Column A to that of Column B:

Column A Column B
(1) Flexible Exchange Rate (a) Foreign Exchange Rate is determined by the Central Bank.
(2) Fixed Exchange Rate (b) The foreign exchange rate is determined by the demand and supply.
(3) Managed Flexible Rate (c) The Central Bank interferes with the market demand and supply of foreign currency.
(4) Managed Fixed Rate (d) The Central Bank controls the foreign rate regime

Who regulates money supply in India?


show the importance of "banker's clearing house" in modern banking.


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