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Unit I
Rationaleand Functionsof Central Bank: Evolutionand Functionsof Central Banking: Evolutionsof Theory and Practice of Central Banking, Development of Central Banksin Developed and Developing countries. Functions of a Central Bank: Banker to Government, Banker to Banks, Monetary policy Functions, Currency Issue and Management, Payment system function, Maintaining. Internal and External values of currency, Regulation, Facilitation and supervision of Financial System, Promotional Functionsto support growth and other National objectives, Development of Financial Markets, Institutions and communication policies. Contemporary Issues: Desirability, Autonomy and independence, Credibility, accountability and transparency ofa Central Bank, conflictwith fiscal policies.
As per the latest IPU syllabus — cross-check electives with your college.
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Which semester is Central Banking taught in for MBA-FA?
Central Banking (MFA 217) is a semester 3 subject in the IPU MBA MBA (Financial Analysis) (MBA-FA) curriculum.
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