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What is a cen...

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What is a central bank?

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Solution

A central bank is an apex body that controls, operates, regulates and directs the entire banking and monetary structure of the country.

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Q. What is meant by 'Central Bank'?

Q. What is meant by a central bank? Why is it known as the apex body?

Q. Answer the following questions.
As a Government Bank, what are the functions Central Bank Performs.

Q. State whether the following statements are TRUE or FALSE.

1. Credit rationing is quantitative credit control measure of Central bank.
2. Regulation of Consumer Credit is a quantitative credit control measure of Central Bank.
3. Bank Rate is the selective credit control measure used by the Central Bank of the country.
4. Central Bank also performs commercial banking business.
5. The main objective of a Central Bank is to earn profit.

Q. A commercial bank X borrows from its country's central bank. What is the rate of interest called in this case?

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