Question : Which of the following is not the function of the central bank of the country?
Option 1: It controls money supply of the country.
Option 2: It acts as a banker to the government.
Option 3: It accepts deposits from the public.
Option 4: It issues the currency of the country.
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Correct Answer: It accepts deposits from the public.
Solution : The correct option is It accepts deposits from the public.
The central bank typically does not accept deposits from the public; that is usually a function of commercial banks. The central bank's functions include monetary policy formulation, issuing currency, regulating and supervising the financial system, and managing the country's foreign exchange reserves.
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Question : It is a bank which performs the function of accepting deposits and granting loans from the public.
Option 1: Commercial bank
Option 2: Central Bank
Option 3: Reserve bank of India
Option 4: None of the above.
Question : M2 is one of the measures of the money supply. M2 is the sum of M1+______.
Option 1: saving deposits with the post office
Option 2: National Saving Certificates
Option 3: coins and currency notes
Option 4: demand deposits
Question : Which of the following is not a function of the Reserve Bank of India?
Option 1: Controlling inflation
Option 2: Regulating foreign exchange
Option 3: Issuing currency notes
Option 4: Regulating the stock market
Question : Which of the following is not one of the scheduled public sector banks in India?
Option 1: Canara Bank
Option 2: UCO Bank
Option 3: Indian Overseas Bank
Option 4: Bandhan Bank
Question : In December 2021, ____ approved a $500 million loan to the Government of India to help improve the quality of the country's school education and mitigate the impact of the COVID-19 pandemic on the students' learning.
Option 1: Central Bank of Bahrain
Option 2: European Central Bank
Option 3: Asian Development Bank
Option 4: National Development Bank
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