Question : Which of the following is not a function of Central Bank?
Option 1: It controls the money supply in the economy through different rates.
Option 2: It acts as a banker to the government.
Option 3: It accepts deposits and give loans to people.
Option 4: It issues the currency of the country.
Answer (1)
25th Jan, 2024
Correct Answer: It accepts deposits and give loans to people.
Solution : Central Bank does not accepts deposits and give loans to people. It is a function of commercial banks.
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