Which of the following functions is not performed by the Central Bank?

Banker to the government

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Overdraft Facility

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Controller of money supply

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Banker's Bank

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Solution

The correct option is C Overdraft Facility
Overdraft facility is the function of commercial banks, which is similar to cash credit. Overdraft facility is an agreement with a bank of an account holder where the account holder can withdraw a specified amount over and above the credit balance in his/her account for a short period of time. The interest rate rate on overdraft is higher than that of a loan.

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