Currency notes in India are issued by
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Answer and explanation
Answer: B. the Reserve Bank of India
The RBI issues notes on behalf of the central government.
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Class 10 · Social Science · Understanding Economic Development
3. Money and Credit
Which of these is a formal source of credit?
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Answer and explanation
Answer: B. Commercial bank
Banks and cooperatives are formal lenders supervised by the RBI.
Open this question →Money as a medium of exchange removes the need for
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Answer and explanation
Answer: B. double coincidence of wants
In barter both sides must want what the other has; money removes this.
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