The central bank collects statistical information related to banking, currency and foreign policy to make

Policies and plans of growth and development

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A reduction in the requirement of cash reserves of the commercial banks

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Accounts of government banks across all the country

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Functions of clearing house

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Solution

The correct option is A
Policies and plans of growth and development

The central bank also performs functions such as collecting statistical information related to banking, currency and foreign policy to make policies and plans for growth and development.

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Similar questions

Which of the following functions of a central bank may potentially conflict with its monetary policy role?

1. Supervisor of the banking system.

2. Banker to the banking system

3. Manager of the national debt.

4. Banker to the government.

5. Issuer of currency.

List - I (Activity of bank)	List - II (Function performed)
A. Bank of Issue	1. Provision of liquidity to the financial institution which is facing difficulty in getting credit. Generally, the lender is the central bank.
B. Custodian of foreign balances of the country	2. Government delegates the right to print currency notes
C. Lender of last resort	3. It maintains both gold and foreign currencies as reserves
D. Controller of credit	4. It controls credit operation of commercial banks

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