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245

Q:

Bywhom controls the credit generated by commercial banks?

  • 1
    Reserve Bank of India
  • 2
    Government of India
  • 3
    State Bank of India
  • 4
    Ministry of Finance
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Answer : 1. "Reserve Bank of India"
Explanation :

During the period of inflation Reserve Bank of India tightens its policies to restrict the supply of money while during deflation it allows commercial bank to pump money into the economy.

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