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in Class 11 by kratos

What are the merits of an indirect tax?

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+1 vote
by kratos
 
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Difference between Central Bank and Commercial Bank

| S.No. | Basis of difference | Central bank | Commercial Bank |
| 1. | Principal Objective | The principal objective of the central bank is to maximise economic ** of the Country | The principal objective of commercial banks is to earn profit. |
| 2. | Banker | The central bank acts as a banker to all commercial banks. | The commercial banks do not process such right. |
| 3. | Right to print currency | The central Bank has a right to print currency on behalf of the government. | The commercial banks do not process such right. |
| 4. | Loan facilities | The Central bank gives loan facilities to the governments. | The commercial banks can also provide loan facilities to the government units. |
| 5. | Credit facilities | The central bank does not provide loan facilities to the public. | The commercial banks’ provide loan facilities to the public. |
| 6. | Acceptance of public
** | The central bank does not accept pub ***. | The commercial banks accept public deposits. |

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