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Chapters
1: Factors of Production
Theory of Demand and Supply
2: Elementary Theory of Demand
3: Elasticity of Demand
4: Theory of Supply
Market
5: Meaning and Types of Markets
Banking in India
6: Meaning and Functions of Money
7: Commercial Banks
▶ 8: Central Bank
9: Introduction to Public Finance
10: Public Revenue
11: Public Expenditure
12: Public Debt
Inflation
13: Inflation
Consumer Awareness
14: Consumer Awareness
![Goyal Brothers Prakashan solutions for Economics [English] Class 10 ICSE chapter 8 - Central Bank - Shaalaa.com](/images/economics-english-class-10-icse_6:ca738c8e53b2465d96b5253bb7b17d70.jpg "Goyal Brothers Prakashan solutions for Economics [English] Class 10 ICSE chapter 8 - Central Bank")
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Solutions for Chapter 8: Central Bank
Below listed, you can find solutions for Chapter 8 of CISCE Goyal Brothers Prakashan for Economics [English] Class 10 ICSE.
Goyal Brothers Prakashan solutions for Economics [English] Class 10 ICSE 8 Central Bank Exercise [Pages 156 - 158]
MULTIPLE CHOICE QUESTIONS
In India, the Reserve Bank of India. (The central bank of the country) was nationalised in ______.
1949
1955
1969
1980
The main advantage of giving the monopoly right of note issue to the central bank is that it ______.
Brings uniformity
Increases public confidence
Exercises better control over the money supply
All of the above
______ is the main function of central bank.
Credit creation
Accepting deposits from public
Note issue
None of these
Identify which of the following is not the function of the central bank?
Banking facilities to government.
Banking facilities to public.
Lendings to government.
Lendings to commercial banks.
Identify which of the following is not a function of the Reserve Bank of India?
To act as the banker to the Government of India.
To act as the custodian of the gold reserve of India.
To act as the financial advisor to the Government of India
To issue coins and one rupee note.
The central bank controls credit _____ .
Through quantitative methods only.
Through qualitative methods only.
Both through quantitative methods and through qualitative methods.
Neither through quantitative methods nor through qualitative methods.
______ is a quantitative method of credit control.
Bank rate
Cash reserve ratio
Credit rationing
Both Bank rate and Cash reserve ratio
Which of the following is not a quantitative method of credit control?
Open market operation
Margin requirements
Variable reserve ratio
Bank rate policy
Which of the following is not a function of a commercial bank?
Accepting deposits from public
Note issue
Giving loans
Credit creation
The central bank acts as ______.
Banker's bank
Banker to government
Both Banker's bank and Banker to government
Neither Banker's bank nor Banker to government
In order to encourage investment in the economy, the central bank may ______.
Reduce cash reserve ratio
Increase cash reserve ratio
Sell government recruiters in open market
Increase in bank rate
The monetary policy generally targets to ensure ______.
Price stability in the economy
Employment generation in the country
Stable foreign relations
Greater tax collections for the government
Bank rate is the rate at which:
Commercial banks purchase government securities from the central bank.
Commercial banks can take loans from the central bank for a short term.
Short-term loans are given by commercial banks.
Commercial bank take loans from the public.
The process of buying and selling of securities by the central bank of a country is known as ______.
Margin Requirement
Open Market Operations
Cash Reserve Ratio
Statutory Liquidity Ratio
______ is the short term borrowing rate at which the Reserve Bank of India borrows money from the commercial banks.
Repo rate
Reverse Repo rate
Bank rate
None of these
In India, the Reserve Bank of India ______.
is an apex financial institution
has the monopoly in issuing the notes
is the lender of the last resort
All the above
Settling the claims of various banks against each other by central bank is ______.
Clearing house function
Lender of the last resort
Custodian of exchange reserves
Control of credit
______ is the difference between the current value of the security offered for loans and value of loans granted.
Profit
Reserve requirement
Margin requirement
None of these
Currency notes of ______ and ______ were banned on 8th November 2016.
₹ 50 and ₹ 100
₹ 500 and ₹ 1000
₹ 500 and ₹ 2000
₹ 500 and ₹ 100
The other name for demand deposit is ______.
Saving deposit
Current deposit
Posting deposit
Time deposit
______ is also called as the Lender of Last Resort.
Commercial bank
Central bank
Canara bank
Federal bank
Act of buying and selling of government securities by the central bank from and to the public is known as ______.
Bank rate
Minimum reserve ratio
CRR
Open market operation
Short Answer Type Questions
What is a Central Bank?
Give any two reasons as to why a country needs a central bank.
Mention two differences between the Central Bank and a Commercial Bank.
State two important functions of a central bank.
Explain "Banker to the Government" function of the Central Bank.
Give any two reasons for giving the monopoly right of note issue to the Central Bank.
What is meant by bank rate?
Explain the banker's bank function of the Central Bank.
How does the central bank act as a lender as the last resort?
Define moral persuasion.
When credit is to be expanded, what kind of bank rate policy should the central bank of a country adopt?
Define the following term:
Open Market Operations.
How do open market operations influence money supply?
Define the following term:
Cash Reserve Ratio.
Define the following term:
Margin Requirements.
Distinguish between CRR and SLR.
Discuss the role of the Central Bank as the fiscal agent to the government.
Define the following term:
Cash Reserve Ratio.
Explain the role of Cash Reserve Ratio in controlling credit creation.
Define demonetisation.
Long Answer Type Questions
Mention two differences between the Central Bank and a Commercial Bank.
Explain "Banker to the Government" function of the Central Bank.
Explain the banker's bank function of the Central Bank.
Give any two reasons for giving the monopoly right of note issue to the Central Bank.
How does the central bank act as a lender as the last resort?
Explain the following function of the Central Bank:
Fiscal agent of the government.
Explain the following function of the Central Bank:
Advisor to the government.
Describe two quantitative credit control measures of the Central Bank.
Briefly explain two qualitative methods of credit control adopted by this institution.
Describe two quantitative credit control measures of the Central Bank.
Describe two quantitative credit control measures of the Central Bank.
Differentiate between quantitative and qualitative methods of credit control.
Describe two quantitative credit control measures of the Central Bank.
Name the institution which enjoys the monopoly of note issue
Explain the banker's bank function of the Central Bank.
Explain "Banker to the Government" function of the Central Bank.
Define demonetisation.
Mention the objectives of demonetizations.
Goyal Brothers Prakashan solutions for Economics [English] Class 10 ICSE 8 Central Bank QUESTION BANK [Pages 159 - 160]
What is a Central Bank?
Give any two reasons as to why a country needs a central bank.
Define bank rate.
Define the following term:
Open Market Operations.
Define moral persuasion.
Give any two reasons for giving the monopoly right of note issue to the Central Bank.
Explain "Banker to the Government" function of the Central Bank.
Explain the banker's bank function of the Central Bank.
How does the central bank act as a lender as the last resort?
What is meant by Legal Reserve Ratio?
Define the following term:
Cash Reserve Ratio.
Define the following term:
Margin Requirements.
Give an example of margin requirements.
What are quantitative methods of credit control?
Describe two quantitative credit control measures of the Central Bank.
Name the institution which enjoys the monopoly of note issue
Briefly explain two qualitative methods of credit control adopted by this institution.
Explain briefly the adverse impacts of demonetisation on the Indian economy.
Define bank rate.
How is Bank rate altered to correct a depression in an economy?
Describe two quantitative credit control measures of the Central Bank.
Define demonetisation.
Solutions for 8: Central Bank
Goyal Brothers Prakashan solutions for Economics [English] Class 10 ICSE chapter 8 - Central Bank
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Concepts covered in Economics [English] Class 10 ICSE chapter 8 Central Bank are Quantitative and Qualitative Credit Control Measures Adopted by RBI, Central Bank Function - Banker's Bank, Meaning of Central Bank, Differences Between a Central Bank and a Commercial Bank, Need for a Central Bank, Functions of a Central Bank, Monetary Policy of the Central Bank, Quantitative Methods, Qualitative (Or Selective) Methods, Demonetisation, Central Bank Function - Goverment Bank.
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