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प्रश्न
Which of the following is/are the function(s) of central bank?
पर्याय
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.
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संबंधित प्रश्न
With reference to the Central Bank, explain the following:
- Monopoly of note issue
- Lender of the last resort.
Give two reasons as to why a Central Bank is needed.
What is a Central Bank?
______ is the rate at which the central bank borrows from the commercial banks.
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?" |
₹ 1 currency note is issued by ______
Which of the following statements is true?
______ is the main source of money supply in an economy.
Identify the correctly matched pair of items in column A to that of Column B:
| column A | column B |
| 1. Function of a Central bank | (a) Lending money to public |
| 2. Function of Government | (b) Issuing currency notes |
| 3. Function of a Central bank | (c) Control of credit |
| 4. Function of Government | (d) Creation of credit |
Central bank is the sole ______ of the country's foreign currency reserve.
Explain any five functions of the RBI in context with the Indian economy.
