Central Banks — Important Questions
ICSE · Class 10 · Economic Application
59 important questions from Central Banks for ICSE Class 10 Economic Application, with answers. Written for the board exams 2027.
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Important Questions from Central Banks
Which bank was the first central bank in the world?
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Riks Bank of Sweden
Riks Bank of Sweden was the first central bank in the world and was set up in 1668.
What is the central office of the Reserve Bank of India located in?
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Mumbai
The central office of RBI is situated in Mumbai.
How many members are there in the Central Board of Directors of RBI?
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20
RBI is managed by a Central Board of Directors of 20 members.
Which of the following is a function of the central bank as banker to the banks?
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Acts as lender of the last resort
A central bank gives financial support to commercial banks when they cannot get funds from other sources.
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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