MyQuestionIcon

5

You visited us 5 times! Enjoying our articles? Unlock Full Access!

The Monetary System

Who supplies ...

Question

Who supplies money in India?

A

The RBI

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

The commercial banks

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

The government

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

None of these

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D
None of these

All of these are suppliers of money because money supply includes currency, deposits, liquid government securities, and bonds, among others.

Suggest Corrections

thumbs-up

3

Similar questions

Q. The RBI, commercial banks and are suppliers of money in India.

Q. RBI acts as the banker to the central government and commercial banks act as banker to the state governments.

Q. I am the apex banking institution. I control and regulate the entire banking system and money supply of the country. All the commercial banks have to follow the rules I set. I am the banker of all the banks and the government. Who am I?

The rate at which RBI lends money to commercial banks is called:

Q. Commercial banks do not contribute to quantum of money supply in the economy as they do not have note-issuing authority.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

The Monetary System

ECONOMICS

Watch in App

explore_more_icon

Explore more

The Monetary System

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon