Question 9 - MCQ Questions (1 Mark) - Chapter 3 Class 10 Economics - Money and Credit - Economics

Last updated at April 16, 2024 by

The functioning of the formal source of credit is supervised by:

(A) Government of India

(B) Reserve Bank of India

(C) Ministry of Finance

(D) None of the above

 

Answer: 

So, the correct answer is (B) - Reserve Bank of India.

Explanation

RBI supervises the functioning of formal sources of credit.

Go Ad-free
Davneet Singh's photo - Co-founder, Teachoo

Made by

Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.