MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Banks and Their Functions

State with re...

Question

State with reasons whether you agree or disagree with the following statements.
Central Bank is a profit making institution.

Open in App

Solution

No, I do not agree with this statement.
The central bank has to supervise the functioning of commercial banks so as to protect the interest of the depositors and ensure development of banking on sound lines.
The business of banking is a public service necessitating legislative safeguards to prevent bank failures.
Thus the Central bank works with a service motive an not for profit making.

Suggest Corrections

thumbs-up

0

Similar questions

Q. State whether you agree or disagree. Give reasons.
Central Bank is a profit making institution.

Q. State with reasons whether you agree or disagree with the following statements.

1. Central Bank is the Bank of Issue.
2. A co-operative bank acts as a lender of the last resort.
3. Credit control is the function of the Central Bank of the country.
4. Central Bank is a profit-making institution.
5. Central Bank having monopoly of note issue is most appropriate institute of the government.

Q. State with reasons whether you agree or disagree with the following statements.
There is no difference between central bank and a commercial bank.

Q. State with reasons whether you agree or disagree with the following statements.
Central Bank works as government bank or Central Bank is called the government's bank.

Q. State with reasons whether you agree or disagree with the following statements.
The Central Bank works as Banker's bank or RBI acts as a Banker's Bank.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Banks and Their Functions

ECONOMICS

Watch in App

explore_more_icon

Explore more

Banks and Their Functions

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon