English

A central bank acts as a banker's bank, bank to government, and regulator of credit. - Commercial Applications

Advertisements
Advertisements

Question

A central bank acts as a banker's bank, bank to government, and regulator of credit.

Options

  • True

  • False

MCQ
True or False

Solution

This statement is True.

shaalaa.com
Central Bank: Functions
  Is there an error in this question or solution?
Chapter 7: Banking and Bank Transactions - EXERCISES [Page 124]

APPEARS IN

Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 7 Banking and Bank Transactions
EXERCISES | Q 18. | Page 124

RELATED QUESTIONS

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?


What is a 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

Under whose purview does the issue of new currency fall in?


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?


Which of the following statements is true?


______ is the main source of money supply in an economy.


Which market structure has only one seller?


Describe any two functions of the Central Bank.


List any two functions of the central bank.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×