experts kindly help me with the solution as fast as possible
Dear Student,
Here is your answer,
Option (d) is correct.
Assertion is true but Reason is false.
Because, Central bank controls LRR ( CRR and SLR) with that credit creation can be controlled.
and Reason is not true because money is not circulated through deposits but by way of granting loans.
Regards.
Here is your answer,
Option (d) is correct.
Assertion is true but Reason is false.
Because, Central bank controls LRR ( CRR and SLR) with that credit creation can be controlled.
and Reason is not true because money is not circulated through deposits but by way of granting loans.
Regards.