Statement 1: Money creation by Commercial Banks raises the National Income.

Statement 2: Through credit creation, Commercial Banks are able to create credit, which is in far excess of the initial deposits.


(a) Both the Statements are true

(b) Both the Statements are false

(c) Statement 1 is true and Statement 2 is false

(d) Statement 2 is true and Statement 1 is false

Anurag Pathak Changed status to publish January 6, 2024
Add a Comment