MCQ practice · SSC Bangladesh and Global Studies Board questions · Chapter 12: The Financial and Banking Systems of the Government of Bangladesh
Which is related to the function 'clearing house' of the central bank?
Think it through first, then pick an option.
- a Accounting of transactions among various banks
- b Formulation of the national budget
- c Inflation and deflation
- d Accounting of foreign loans
Answer and explanation
Correct answer: a Accounting of transactions among various banks
As clearing house the central bank settles the mutual dues among banks.
Why the other options are wrong
- b Formulation of the national budget: Helping with the national budget is a separate function, not the clearing house.
- c Inflation and deflation: Inflation and contraction relate to loan control, not the clearing house.
- d Accounting of foreign loans: Accounting of foreign loans is part of managing government loans.
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