Economics

STD: - XII Date-23/09/2016

Time: 1hrs Marks: 20

Q1.Explain with reasons do you “agree” or “disagree” for the following statement.
A. Central bank is a bank of issue.
B. central bank is a profit making institution.
C. The central bank may take direct action against the defaulting commercial banks.
D. The central bank having monopoly of note issue is the most appropriate institute of the government.

Economics
STD: - XII Date-23/09/2016
Time: 1hrs Marks: 20

Q1.Explain with reasons do you “agree” or “disagree” for the following statement.
A. Central bank is a bank of issue.
B. central bank is a profit making institution.
C. The central bank may take direct action against the defaulting commercial banks.
D. The central bank having monopoly of note issue is the most appropriate institute of the government.