| Assertion [A] Central bank as a banker to the government, works as a financial adviser. |
| Reason [R] Government borrows internally from banks and general public. |
A) Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]
B) Both Assertion [A] and Reason [R] are true, but Reason [R] is not the correct explanation of Assertion [A]
C) Assertion [A] is true, but Reason [R] is false
D) Assertion [A] is false, but Reason [R] is true
Correct Answer: C
Solution :
Central Bank performs many functions, one of which is the banker to the government. It performs all the functions like a commercial bank performs for its customers, for all levels of government.
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