Skip to main content
Super TutorResources
Chapter 9 of 10
Practice Quiz

Central Banks — Practice Quiz

ICSE · Class 10 · Economic Application

Try a 4-question quiz on Central Banks for ICSE Class 10 Economic Application: tap an answer to check it and see why.

59 questions46 flashcards5 concepts

Interactive on Super Tutor

Studying Central Banks? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for practice quiz and more.

Try Super Tutor — Free

Free trial, no card needed.

Quick Quiz: Central Banks

0/4

Tap an answer to check it instantly. No sign-up needed for these 4.

1

What is the main objective of a commercial bank?

2

Which institution is called the apex monetary authority of a country?

3

The Reserve Bank of India was established on which date?

4

Who defined a central bank as a bank that constitutes the apex of the monetary and banking structure of the country?

59 Questions·
multiple choicetrue falsemultiple correct

Sample Questions

1multiple choice
1 marks

Which bank was the first central bank in the world?

Show answer

Riks Bank of Sweden

Riks Bank of Sweden was the first central bank in the world and was set up in 1668.

2multiple choice
1 marks

What is the central office of the Reserve Bank of India located in?

Show answer

Mumbai

The central office of RBI is situated in Mumbai.

3multiple choice
1 marks

How many members are there in the Central Board of Directors of RBI?

Show answer

20

RBI is managed by a Central Board of Directors of 20 members.

4multiple choice
1 marks

Which of the following is a function of the central bank as banker to the banks?

Show answer

Acts as lender of the last resort

A central bank gives financial support to commercial banks when they cannot get funds from other sources.

+55 more questions on Central Banks (ICSE Class 10 Economic Application)

Practise All

Frequently Asked Questions

What are the important topics in Central Banks for ICSE Class 10 Economic Application?
Key topics in Central Banks include Meaning and Definition of Central Bank, Central Bank and Commercial Bank, Reserve Bank of India and World Central Banks, Functions of a Central Bank. Study these first, then practise questions on each for the ICSE Class 10 board exam.
How many practice questions are there for Central Banks?
There are 59 questions on Central Banks. Try the 4-question sample quiz on this page first; each answer shows an explanation when you tap it.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Central Banks

All ICSE Class 10 Economic Application Practice Quiz

For serious students

Get the full Central Banks chapter — start free.

Quizzes, flashcards, an AI doubt solver and a study plan for ICSE Class 10 Economic Application. Free to start, no card needed.

Try Super Tutor Free
Try this chapter free