Match the statements given under A with the correct options given under B
Match the statements given under A with the correct options given under B.
| (A) | (B) |
| (i) Central Bank | a. Credit Creation |
| (ii) Currency Authority | b. Ministry of Finance |
| (iii) Money Creation | c. Reserve Bank of India |
| (iv) One-rupee notes | d. Bank of Issue |
Anurag Pathak Changed status to publish December 25, 2023
Ans:
(i) – c
(ii) – d
(iii) – a
(iv) – b
Explanation:-
(i) – c
The Central Bank is called the Reserve Bank of India in India.
(ii) – d
Bank of issue is one of the functions of a central bank that empowers it to issue the currency.
(iii) – a
Money creation is also called credit creation and deposit creation.
(iv) – b
The Ministry of finance has the sole authority to issue one-rupee notes.
Anurag Pathak Changed status to publish December 25, 2023
