question_answer

Consider the following steps:

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

Which among the following is the correct order of the above steps?

A) 1 2 3 4                         

B) 2 3 4 1

C) 3 4 1 2       

D) 4 3 2 1