ICSE Class X Economics 2023 Solved Papers
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Question : 18
Total: 47
Give any one difference between Commercial bank and Central bank.
Solution:
| Central bank | Commercial bank |
|---|---|
| 1. The central bank is the apex monetary institution which has been specially empowered to banking system of the country. | The commercial banks are the constituent unit of the banking system. |
| 2. The central bank does not deal directly with the public. | The commercial banks deal with the public directly. |
| 3. It aim is to serve the country's interest. | It aim is to earn profit. |
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