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Which of the following is true for the Central Bank?
Apex Bank of the country
Ownership of the Government
Regulates the entire banking system in the country
All of the above
- Option 1: Apex Bank of the country
- The central bank is indeed the apex bank, meaning it sits at the top of the banking hierarchy and oversees all the banking operations in the nation.
- Option 2: Ownership of the Government
- Central banks are typically owned by the government. This allows them to align with national economic policies and operate in the public interest.
- Option 3: Regulates the entire banking system in the country
- Central banks regulate and supervise the banking system to maintain financial stability and ensure sound banking practices.
- Option 4: All of the above
- All the above statements collectively describe key functions and characteristics of a central bank.
By: santosh ProfileResourcesReport error
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