Question : Which of the following is not the function of the central bank of the country?
Option 1: It controls money supply of the country.
Option 2: It acts as a banker to the government.
Option 3: It accepts deposits from the public.
Option 4: It issues the currency of the country.
Correct Answer: It accepts deposits from the public.
Solution : The correct option is It accepts deposits from the public .
The central bank typically does not accept deposits from the public; that is usually a function of commercial banks. The central bank's functions include monetary policy formulation, issuing currency, regulating and supervising the financial system, and managing the country's foreign exchange reserves.
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