GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money in India consists of
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paper currency
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current deposits
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metallic conis
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All of these
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Explanation:
Detailed explanation-1: -Money or currency in India consists of paper currency (bank notes) and metallic coins.
Detailed explanation-2: -The Reserve Bank of India reserves the right to issue currency notes and coins in India. Q. 3 What are the types of money? Commodity money, fiat money, metallic, paper, reserve, fiduciary, fiat, and commercial bank money are the various types of money.
Detailed explanation-3: -The 4 different types of money as classified by the economists are commercial money, fiduciary money, fiat money, commodity money.
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