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Fill in the Blank with Appropriate Alternatives Given Below Central Bank Has the __________ of Note Issue. - Economics

MCQ
Fill in the Blanks

Fill in the blank with appropriate alternatives given below

Central bank has the __________ of note issue.

Options

  • monopsony

  • monopoly

  • duopoly

  • oligopoly

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Solution

Central bank has the monopoly of note issue.

Explanation: In India Central bank has the sole authority to issue currency notes. The central bank backs the currency it issues.

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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 13 Central Banking
Exercise | Q 1.1 | Page 121
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