GkSeries.com

Banking System and Capital Market Questions and Answers for Competitive Exams

Q.

A commercial bank law creates credit only if it has

[A] Cash in the vault
[B] Excess reserves
[C] Permission of Reserve Bank of India
[D] Cooperation of other banks

Answer & Explanation

Answer: Option [A]

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Read More Economics Solved Questions

Please share this page

Click Here to Read more questions

Teacher Eligibility Test