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in Money and Credit by (50.5k points)

Write the correct statement.

1. Paper money was introduced because metal supply was limited. 

2. All the major and important banks were nationalised in 1964, in India. 

(i) Both 1 and 2 are correct 

(ii) Both 1 and 2 are wrong 

(iii) 1 is correct; 2 is wrong 

(iv) 1 is wrong; 2 is correct

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1 Answer

+1 vote
by (48.3k points)
edited by

(iii) 1 is correct; 2 is wrong

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