Money and Banking-Central Bank & Its Functions (CBSE Class-12 Economics): Questions 14 - 14 of 14

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Question number: 14

» Money and Banking » Central Bank & Its Functions » Central Bank

Essay Question▾

Describe in Detail

Explain ‘banker to the government ’ function of central bank

Explanation

  • The central bank function as a Banker to the government: -
  • As a banker to government, the central bank function for government as commercial bank. It handles the accounts of central government and it receive deposits from government and it collects cheques and drafts deposit from government account.
  • The central… (64 more words) …

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