Question
Explain any two of them.
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Answer
Paper money: It is a substitute for metallic money. It consists of paper currency which is issued by the Central Bank of the country. Currency notes of higher denominations are issued by the Central Bank i.e. Reserve Bank of India. Bank money: It is also called Credit money. It refers to deposits that are in the form of cash saved by the people. Such money can be withdrawn or transferred with the help of instruments like cheques, drafts, etc.
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QU 1. Workers were sitting idle in a factory due to power failure for 3 hours.
QU 2. Ram had no work, due to the end of the Kharif crop season.
QU 3. Due to the introduction of taxis and auto-rickshaws, Bhimaji’s horse-cart was not demanded by travellers.
QU 1. Workers were sitting idle in a factory due to power failure for 3 hours.
QU 2. Ram had no work, due to the end of the Kharif crop season.
QU 3. Due to the introduction of taxis and auto-rickshaws, Bhimaji’s horse-cart was not demanded by travellers.