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Assertion (A): Currency held by public is a monetary liability of Reserve Bank of India (RBI).

Reason (R): RBI control credit, while Commercial Banks create credit.

Alternatives:

(a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A).

(b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion (A).

(c) Assertion (A) is True but Reason (R) is False

(d) Assertion (A) is False but Reason (R) is True

Anurag Pathak Changed status to publish January 5, 2024
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