Practice Functions of the Central Bank - 4.4.2 | 4. Banking in India | ICSE Class 10 Economics
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is the primary role of the Central Bank?

πŸ’‘ Hint: Think about the main responsibilities.

Question 2

Easy

Name one function of the Central Bank.

πŸ’‘ Hint: Consider what the Central Bank issues.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the role of the Central Bank in issuing currency?

  • To regulate stock markets
  • To issue currency notes
  • To manage bank accounts

πŸ’‘ Hint: Think about what you see in your wallet.

Question 2

True or False? The Central Bank can create more money freely.

  • True
  • False

πŸ’‘ Hint: Consider the Central Bank's role in monetary policy.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Given the role of the Central Bank in controlling credit, evaluate a scenario where excessive credit circulation leads to economic inflation. Discuss potential corrective actions the Central Bank might take.

πŸ’‘ Hint: Think about tools the Central Bank has at its disposal.

Question 2

Analyze the effects of foreign exchange reserves on a country's ability to engage in international trade during economic downturns.

πŸ’‘ Hint: Reflect on case studies where trade was impacted by currency stability.

Challenge and get performance evaluation