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It carries out the country's monetary policy. - Commercial Applications

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Question

It carries out the country's monetary policy.

Options

  • Commercial Bank

  • Central Bank

  • Specialised Bank

  • None of these

MCQ

Solution

Central Bank

Explanation:

  1. Central banks conduct monetary policy by adjusting the supply of money.
  2. When central banks lower interest rates, monetary policy is easing.
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Chapter 14: Banking - EXERCISES [Page 255]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 14 Banking
EXERCISES | Q 6. | Page 255
Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 7 Banking and Bank Transactions
EXERCISES | Q 6. | Page 123
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