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Mention one main difference between a central bank and a commercial bank

628 viewsJanuary 9, 2024Money and Banking Questions (M&B)

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Anurag Pathak28.55K January 9, 2024 0 Comments

Mention one main difference between a central bank and a commercial bank.

Anurag Pathak Changed status to publish January 9, 2024

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Anurag Pathak28.55K Posted January 9, 2024 0 Comments

The central bank has the sole monopoly in note issue, whereas, this power is not enjoyed by a commercial bank.

All currency (except one rupee note and coins) are issued by the central bank in India.

But Commercial Bank can not issue any kind of currency in the country.

Anurag Pathak Changed status to publish January 9, 2024

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Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.