What are the merits of an indirect tax? – InterviewSolution

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What are the merits of an indirect tax?

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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 welfare 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 Deposit	The central bank does not accept pub deposit.	The commercial banks accept public deposits.

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