Role of central bank and its relationship with the government. [15 marks] The relation between government and

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Role of central bank and its relationship with the government. [15 marks] The relation between government and central bank in the country. Is the central bank independent or controlled by the government? How the central bank regulates banks and participate and set the monetary policy, payment system, banking regulation? Relation of central bank with supra- national organisations like IMF, World Bank, BIS