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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Money Supply and Indian Financial System

  • question_answer
    Consider the following statements:
     1. Deficit financing essentially involves public expenditure in excess of public revenue
     2. In Deficit financing, the new currency replaces the old currency
    Which among the above statements is/are correct?

    A) Only 1 is correct 

    B) Only 2 is correct

    C) Both are correct  

    D) Both are incorrect

    Correct Answer: A

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