State with reasons whether you agree or disagree with the following statements. 4. Central Bank is a profit-making institution.

State with reasons whether you agree or disagree with the following statements.
4. Central Bank is a profit-making institution.

Answer: 

No, this statement is not correct. This is because the main objective of the Central Bank is to regulate and control the activities of all the commercial banks and other financial institutions of the country. It also plays a pivotal role in the organisation and development of a sound monetary and financial system in an economy. However, profit making is not the objective of the Central Bank.

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