Identify which of the following statements is true?
Identify which of the following statements is true?
(a) Statutory Liquidity Ratio is fixed by the government
(b) Government of India issues all the coins and ₹ 1 currency note
(c) Supply of currency notes are determined under fiscal policy
(d) Demand deposits are not payable through cheques
Anurag Pathak Changed status to publish January 5, 2024
Ans – (b)
Explanation:-
(a) Statutory Liquidity Ratio is fixed by the Central bank in the case of India by the Reserve Bank of India
(b) The Ministry of Finance of Government of India issues 1 rupee note and coins of all denominations
(c) Supply of currency notes is determined by RBI through monetary policy.
(d) Demand deposits are payable through cheques
Anurag Pathak Changed status to publish January 5, 2024
