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Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 3 : Money and Credit1 Mark
MCQ
Which of the following statements are true?
  • A
    Periodically, banks do not submit information to the $\text{RBI}$ on how much they are lending, to whom, at what interest rate, etc.
  • B
    The Reserve Bank of India does not supervise the functioning of formal sources of loans.
  • ✓
    The $\text{RBI}$ monitors the banks in actually maintaining cash balance.
  • D
    None of the above statements are true.
✓

Answer

Correct option: C.
The $\text{RBI}$ monitors the banks in actually maintaining cash balance.

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