Question : In India, credit creation is done by:
A) Ministry of Finance
B) Reserve Bank of India
C) Commercial Banks
Option 1: Only C
Option 2: Only B
Option 3: All - A, B and C
Option 4: Only A
Correct Answer: Only C
Solution : The correct answer is Only C .
In India, credit creation is primarily done by commercial banks. Commercial banks play a crucial role in the monetary system by accepting deposits from the public and lending money to individuals, businesses, and other entities.
College Comparison based on Courses, Placement, Rank, Fee
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Question : In India, _____fixes the Cash Reserve Ratio(CRR) for the banks in the economy.
Question : The poverty line in India is based on the survey conducted by which of the following?
Question : Which among the following banks launched the "Gram Seva Program" across six states in India in October 2022?
Question : In India, which Ministry issues the coins of all denominations?
Question : Which regulatory body oversees microfinance institutions in India?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile