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Question

Which of these is not a function of central bank?

Accepting deposits of general public
Custodian of Foreign Exchange Reserves
Banker's Bank
Currency Authority

A

Accepting deposits of general public

B

Custodian of Foreign Exchange Reserves

C

Banker's Bank

D

Currency Authority

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Solution

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The correct option is A Accepting deposits of general public
Accepting deposits of general public is the function of commercial banks, as central bank does not deal with general public and only deals with commercial bank mainly for its reserve requirement.

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