Central Bank and Its Functions
Economics ⇒ Money and Banking
Central Bank and Its Functions starts at 11 and continues till grade 12.
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Describe the 'lender of last resort' function of the central bank.
Explain the difference between a central bank and a commercial bank.
Explain the difference between quantitative and qualitative methods of credit control.
Explain the importance of central bank independence.
Explain the role of the central bank in controlling inflation.
Explain the term 'bank rate'.
Explain the term 'Cash Reserve Ratio' (CRR).
Explain the term 'Moral Suasion' as used by the central bank.
State any two qualitative methods of credit control used by the central bank.
The central bank acts as a banker to the government. Explain this function.
What is meant by 'credit control'?
What is meant by 'selective credit control'?
What is the function of the central bank as a 'clearing house'?
What is the main objective of the central bank's monetary policy?
What is the purpose of the Statutory Liquidity Ratio (SLR)?
What is the role of the central bank in foreign exchange management?
What is the significance of the central bank's monopoly of note issue?
