Thai Sikh International School
E-Learning Programme – Online
Assignment – 18/09/2014
Name
: Subject : Economics
Year : 10 A
& B Schedule
No. : 2
Activity 1.
The Reserve Bank of
India (RBI) is the central bank of India. It is based in Mumbai and has twenty
two regional offices
across India. One of the functions is to
implement and monitor monetary
policy. Another is to
ensure that the country’s commercial banks follow sound policies, including
sensible lending
policies.
Answer the following
questions:
a.
Identify
one way in which a central bank differs from a commercial bank. [2]
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
b.
What
is the key feature of a sensible lending policy? [2]
………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
c.
Explain
one other function of a central bank. [4]
………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
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