Discuss the function of Central Bank as 'bankers, agent and advisor' to the government.
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The function of Central Bank as 'bankers, agent and advisor' to the government.
Explanation:
The central bank of India acts as the banker, agent and advisor to the government.
As a banker, it keeps deposits of the central and state governments, buys and sells foreign currencies and make payments on behalf of governments. It buys and sells foreign currencies on behalf of the governments.
As a agent, the central bank makes short and long term loans to the government.
As a adviser, the bank gives useful advice to the governments on important monetary and economic problems.
To know more:
What are the important functions of central bank?
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