Roles and Importance of Central Bank

Roles and Importance of Central Bank

8th - 12th Grade

8 Qs

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Roles and Importance of Central Bank

Roles and Importance of Central Bank

Assessment

Quiz

Other, Business, Education

8th - 12th Grade

Hard

Created by

Devi Shivani

Used 37+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which among these is not a well known Central Bank ?

The Federal Reserve Bank of the USA

Bank of Japan

The Bank of England

The European Central Bank

The Reserve Bank of India

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Who owns the Central Bank?

Prime Minister

People

Government

President

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following are common functions of the central bank?

Conduct of monetary policy

Lending to the general public

Supervising the stock market

Lending to the commercial banking system

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following functions of a central bank may potentially conflict with its monetary policy role?

Manager of the national debt

Supervisor of the banking system.

Issuer of currency

Banker to the banking system

Banker to the government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assume that there is an increase in money's own rate, all other interest rates remaining unchanged. Which of the following is likely to describe the effect upon the demand for money and the demand for loans?

Money D falls, loan D increases.

Money D and loan D increase.

Money D and loan D fall.

Money D increases, loan D falls.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not the function of the commercial bank?

Issue of currencies

Acceptance of deposits

Advancing loans

Credit control

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Who gave their central banks the power to decide the rate of interest ?

Bank Manager

Prime Minister

Finance Minister

Government

8.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A Central Bank is unlikely to be tempted to lower the rate of interest to win the public support.

True

False