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Central Banks

ICSE · Class 10 · Economic Application

Practice quiz for Central Banks — ICSE Class 10 Economic Application. MCQs and questions with answers to test your preparation.

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Quick Quiz: Central Banks

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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·
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Sample Questions

1multiple choice
1 marks

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.

2multiple choice
1 marks

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.

3multiple choice
1 marks

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.

4multiple choice
1 marks

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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Frequently Asked Questions

What are the important topics in Central Banks for ICSE Class 10 Economic Application?
Central Banks covers several key topics that are frequently asked in ICSE Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Central Banks — ICSE Class 10 Economic Application?
Understand the core concepts first, then work through the 59 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

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

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