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Functions of the Central Bank

The central b...

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The central bank is often involved in the policy-making of the economy.

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True

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Q. Fill in the blanks with appropriate alternatives given in the brackets.

1. Central bank has the __________ of note issue. (monopsony/monopoly/duopoly/oligopoly)
2. The central bank acts as a ____________ of cash reserves of the country. (head/ leader/ custodian/ locker)
3. Bank Rate is also called as __________ rate. (rediscount/ market/ general/ exchange)
4. ____________ is the apex body of the monetary and banking systems of the nation's economy. (Commercial bank/ Central bank/ Government/ Co-operative bank)
5. Reserve Bank of India was established in _____________. (1937/ 1939/ 1935/ 1934)

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

Q. Discuss four qualitative measures of the Central Bank to control credit in the economy.

Q. Discuss how the central bank plays the role of 'controller of credit' in an economy?

Q. How can a central bank control excess demand in an economy by making changes in the legal reserve requirements?

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