Question

Which of the following is not a function of Centeral Bank?
a) Guiding and regulating the Banking System of a country
b) Acts essentially as Government Banker
c) Deals with the General Public
d) Maintains deposite accouts of all other Banks.

Answer 1

Answer:

(c) deals with General public.

Answer 2

Central Bank does not deals with the General Public. It is not the function of the central Bank.

Answer: Option c)

Explanation:  

A Central Bank is a crucial aspect of the financial system of a country. It is also known as a monetary authority or the Reserve Bank. In India, RBI is a central bank.

• The function of the central bank is managing the national currency, determining the interest rates, the supply of money and overall supervise the banking system of the country.
• They act as financial advisers to the government, and acts as a core central authority and does not directly deal with the general public.