ECONOMICS
MONEY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
we, the people
|
|
|
legal citizens
|
|
|
the President
|
|
|
our government
|
Detailed explanation-1: -The Reserve Bank of India (RBI) controls the money supply in India. The RBI has control over the monetary policy of India.
Detailed explanation-2: -The Reserve Bank of India Act, 1934 requires the Central Government to entrust the Reserve Bank with all its money, remittance, exchange and banking transactions in India and the management of its public debt. The Government also deposits its cash balances with the Reserve Bank.
Detailed explanation-3: -The primary source of revenue for the U.S. government in 2022 was Individual Income Taxes. Revenue collected by the U.S. government is used to fund a variety of goods, programs, and services to support the American public and pay interest incurred from borrowing.
Detailed explanation-4: -Known as “Ways and Means Advance” (WMA) as per the RBI Act, the loan facility is provided to the government on a temporary basis by the central bank to meet its mismatches between expenditure and flows of receipts.