Question
The central bank is a banker to the government. Outline four banking services it offers to the government.
Answer
(i) Collecting credits on behalf of the government from various sources.
(ii) Getting credit from other sources on behalf of government.
(iii) Making various payment on behalf of government.
(iv) Giving financial advice to the government.
(v) Giving credits to the government.
(vi) Receiving payments on behalf of the government from sources such as foreign donors / income tax department / customs department.
(ii) Getting credit from other sources on behalf of government.
(iii) Making various payment on behalf of government.
(iv) Giving financial advice to the government.
(v) Giving credits to the government.
(vi) Receiving payments on behalf of the government from sources such as foreign donors / income tax department / customs department.
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