Money and Banking in One Shot | Class 12th Commerce | CUET Crash Course
Commerce Wallah by PW・2 minutes read
The text discusses the importance of money supply, banking functions, and key concepts like SLR and demand deposits. It emphasizes the role of RBI in controlling inflation through tools like Repo Rate and Open Market Operations, highlighting the impact on the economy.
Insights
- The text introduces a new unit of Mitra Economics, focusing on Money and Banking.
- The challenges of the barter system, like the double coincidence of wants, are highlighted.
- Commercial banks create money by accepting deposits and giving loans.
- RBI plays a crucial role in controlling inflation through monetary policies.
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Recent questions
What is the primary function of money?
Medium of exchange and measure of value
How do commercial banks create money?
Through loans and demand deposits
What is the role of the Reserve Bank of India (RBI)?
Controls money supply and formulates policies
How does the RBI control inflation?
By adjusting money supply and interest rates
What are the key functions of commercial banks?
Accepting deposits and providing loans
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