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Functions of the Central Bank

Fill in the b...

Question

Fill in the blanks with appropriate alternatives given in the brackets:
In India _____ has the monopoly of note issue.
(Reserve bank of India, Commercial bank, Foreign bank, Co-operative bank)

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Solution

In India Reserve Bank of India has the monopoly of note issue.

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Q. Fill in the blanks with appropriate alternatives given in the brackets:
___ acts as the bank of banks.
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___ is the apex body of the monetary and banking system of the nations's economy. (commercial bank, Central Bank, Government, Co-operative bank)

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1. Central bank has the __________ of note issue. (monopsony/monopoly/duopoly/oligopoly)
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Central Bank has the ___ of note issue.
(Monopsony, monopoly, duopoly, oligopoly)

Q. Fill in the blanks with appropriate alternatives given in the brackets:
___ is the rate at which Central Bank re-discounts bills of exchange from commercial banks.
(Bank rate, Cash Reserve Ratio, Growth rate)

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