Question
Mention two differences between the central bank and a commercial bank.###Give any one difference between Commercial bank and Central bank.
Basis | Central Bank | Commercial Bank |
(i) Meaning | Central bank is an apex institution of the monetary and banking structure of the country | It just operates under the guidelines of the central bank. |
(ii) Object | Its main objective is to promote social welfare. | Its main objective is to earn profit. |
(iii) Ownership | Central bank is generally a government | Commercial banks may be both privately |
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