From the following functions of the Central Bank, identify the odd one out:
From the following functions of the Central Bank, identify the odd one out:
Functions of Central Bank
A – Currency Authority
B – Banker to the Public
C – Banker’s Bank
D – Controller of Money Supply
Options:
(a) A
(b) B
(c) C
(d) D
Anurag Pathak Changed status to publish January 5, 2024
Ans – (b)
Explanation:-
The central bank is not the banker to the public. It does not deal with the public directly.
It is the apex body of the financial institutions and regulates the commercial banks.
It is the banker of the bank and the government (State and center)
Anurag Pathak Changed status to publish January 5, 2024
