Teaching BPSC बिहार माध्यमिक TGT (9 to 10) शिक्षक भर्ती 4.0 Mock Test General Knowledge Economy Money and Banking
With reference to fiat money in India, consider the following statements:
1. It is backed by the guarantee of the Central Government.
2. It is a virtual or digital currency that makes use of encryption techniques.
3. It gives central banks greater control over the economy because they can control how much money is printed.
Which of the statements given above is/are correct?
1
1 only
2
1 and 3 only
3
2 only
4
More than one of the above
5
None of the above