1. Banking Department gets currency from the Issue Department |
2. Government puts the currency in circulation |
3. Central Government incurs a deficit in its Budget |
4. Government Sells Treasury Bills to Banking Department of RBI |
A) 1 2 3 4
B) 2 3 4 1
C) 3 4 1 2
D) 4 3 2 1
Correct Answer: C
Solution :
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