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Important Questions

Central Bank

ICSE · Class 10 · Economics

Most important questions from Central Bank for ICSE Class 10 Economics board exam 2026. MCQs, short answer, and long answer questions with marks.

44 questions25 flashcards5 concepts

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An infographic detailing the key functions of a central bank, such as issuing currency, controlling money supply, acting as banker to government, custodian of foreign exchange, and banker to banks.
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44 Questions·
multiple choicemultiple correcttrue false

Sample Questions

1multiple correct

Which of the following are functions of a central bank?

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Issue of currency notes, Banker to the government, Controller of credit

Central banks issue currency notes, act as banker to the government, and control credit. They do not directly accept deposits from or provide loans to the general public - that's the function of commercial banks.

2true false

The central bank has monopoly right of note issue.

Show answer

True

The central bank has the sole monopoly to issue currency notes. Commercial banks cannot issue currency notes. This brings uniformity and helps control money supply.

3multiple correct

Which of the following are quantitative methods of credit control?

Show answer

Bank Rate Policy, Open Market Operations, Cash Reserve Ratio

Quantitative methods include Bank Rate Policy, Open Market Operations, and Legal Reserve Requirements (CRR and SLR). Moral Suasion and Margin Requirements are qualitative methods.

4true false

Demonetization means withdrawal of legal tender status of currency.

Show answer

True

Demonetization is when a currency note ceases to be a legal tender. The government withdraws the legal tender status, making the old currency invalid for transactions.

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Frequently Asked Questions

What are the important topics in Central Bank for ICSE Class 10 Economics?
Central Bank 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 Bank — ICSE Class 10 Economics?
Understand the core concepts first, then work through the 44 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Central Bank?
There are 44 practice questions available for Central Bank. These cover multiple question types including MCQs, short answer, and long answer questions.

Sources & Official References

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

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