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NextQ7

Read the following news published on September 26, 2022 : "The central bank has increased the benchmark lending rate by 140 basis points." Identify the likely cause and consequences behind this action taken by the Reserve Bank of India.

Central Bank — Functions and RoleStudy Simplify SpecialPYQ1MCQ
Question 6

Read the following news report carefully : "The central bank has imposed fine on Hisar Urban Cooperative Bank Ltd. and Andaman and Nicobar State Cooperative Bank Ltd. for violation of banking norms." According to the given report, identify the function of the central bank.

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