Which of the following is the role of the Reserve Bank of India?

To supervise informal credit activities

To issue currency notes for all organizations

To regulate and supervise formal banking institutions

To provide loans directly to individuals

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Q1.

What is the role of credit in economic development?

Q2.

Explain the concept of formal and informal sources of credit.

Q3.

What is the primary function of modern money?

Q4.

Which of the following is NOT considered modern money?