Question

The main objective of a Central Bank to earn profit. (State whether the statement is TRUE or FALSE)

Answer 1

$\large{\mathfrak{Answer -}}$

The statement is False.

$\textbf{\underline{The main objective of a Central Bank is not to earn profit.}}$

Answer 2

Answer:

The statement would be False.

Explanation:

The main Objective of Central Bank is not to earn Profits. The main Objective of Central Bank of any country is the regulation of money supply. Central Bank supervises the financial system of the country and ensures the stability of the system to protect the money of depositors. Central banks also emphasizes growth of economy and the employment. Central Banks act as the Government Banks. They collect money and make payments to manage public debts. They also give loans to commercial banks.