Question

Case II
According to De Rock, the guiding principle of a Central Bank is that it should act only in public interest
and for the welfare of the country and without regard to profit as a primary consideration Central
Bank is the supreme monetory and banking authority and occupies a very important position in the
monetary and banking structure of the
country. It aim at promating the financial and eco stability of
the country. It's main function is to control regulate and stabilize the banking or to monetary system of
the country in the national interest. It is the duty to carry out the monetary policies formulated by the
government and also perform the duty of Banker's bank and fiscal agent for the government
(1) What is the main function of central bank ?
(2) What type of duty performed by the central bank?
(3) Explain the central bank
(4) Give your opinion about RBI
Ans.:
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Answer 1

Answer:

1) The guiding principle of a Central Bank is that it should act only in public interest.

2) The welfare of the country and without regard to profit as a primary consderatiom central.

3) Bank is the supreme monetary and banking authority and occupies a very important position in the monetary and banking structure of the country.

4) It's main function is to control regulate and stabilize the banking or to monetary system of the country in the national intrest.

Explanation:

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Answer 2

Answer:

(1) The main function of the central bank is to control regulate and stabilize the banking or monetary system of the country in the national interest.

(2) The guiding principle of a Central Bank is that it should act only in the public interest and for the welfare of the country and without regard for profit as a primary consideration and also perform the duty of a Banker's bank and fiscal agent for the government.

(3) Central Bank is the supreme monetary and banking authority and occupies a very important position in the monetary and banking structure of the country. It aims at promoting the financial and eco-stability of the country.

(4) RBI is the Central Bank of India. It is the supreme monetary and banking authority and occupies a very important position in the monetary and banking structure of the country.

To learn more about the central bank, click on the link below:

https://brainly.in/question/29345727

To learn more about the RBI, click on the link below:

https://brainly.in/question/121910

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