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

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Question

Fill in the blank with appropriate alternatives given below

Central bank has the __________ of note issue.

  • monopsony

  • monopoly

  • duopoly

  • oligopoly

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.

  Is there an error in this question or solution?

APPEARS IN

 Micheal Vaz Solution for Micheal Vaz Class 12 Economics (2019 to Current)
Chapter 13: Central Banking
Exercise | Q: 1.1 | Page no. 121
Solution Fill in the Blank with Appropriate Alternatives Given Below Central Bank Has the __________ of Note Issue. Concept: Monetary Function of Central Bank.
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