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Money and Banking — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMoney and Banking1 Mark
Question
Giving reasons, state whether the following statements are true or false.
Under marginal requirement, the Reserve Bank of India gives directions to other banks to channelise credit to priority sectors.
✓

Answer

False.
Eaplantion:
It happens under selective credit controls.

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