Question

the central bank is the lender of last resort . true/false
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Answer 1

Answer:

• The Central Bank acts as the lender of last resort for the commercial banks and the government. When a commercial bank faces financial crisis and fails to obtain funds from other sources, the Central Bank plays the vital role of 'lender of last resort' and provides them with financial assistance in the form of credit.

Answer 2

Answer:

Physical changes in burning candle On heating, candle's wax melts, it is a physical change. Since, it again turns into solid wax on cooling. The change is reversible. Chemical changes in burning candle The wax near to flame burns and gives new substances like carbon dioxide, carbon soot, water vapours, heat and light.