Question

Central Bank also performs commercial banking business. (State whether the statement is TRUE or FALSE)

Answer 1

False because commercial bank work for eating the profit and there is no ultimate source of money in it and it is pravite bank which doesn't may have leagal form and they fool the local people but it is not present in central bank

Answer 2

Answer:

The given statement is false as the Central Bank doesn't perform or deal with Commercial Banking Business.

Explanation:

The main work of the Central bank of a country is dealing with economy of the country and its development. The Central Bank doesn't deal with general public directly and that is why it operates all the commercial banks of the country.

The central bank of a country sets up the rules and regulations for the working of the commercial banks of the country and thus indirectly has control over the general public in their dealings with the banks.