SSC MTS 2024 PYQ — Question 43

The correct answer is  option 3  i.e.  One.

A country generally has only one central bank, which serves as the primary authority for managing its monetary policy, issuing currency, regulating the banking system, and maintaining financial stability. The central bank plays a crucial role in controlling inflation, setting interest rates, and managing foreign reserves. Having a single central bank ensures uniformity and centralized control over a nation's monetary system. While some regions, like the Eurozone, share a central bank across multiple countries (the European Central Bank), an individual country typically does not have more than one central bank to avoid conflicts and ensure economic consistency and stability.