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Given below are two statements : Statement I : Deficit financing cannot create inflation in an economy. Statement II : If RBI reduces the cash reserve ratio, the credit creation will decline. In the light of the above statements, choose the most appropriate answer from the options given below :
Correct Answer: (b)
Official keyThis question appeared in the HPPSC Prelims 2021 examination (GS). It is Question 68 out of 200 questions in this paper.
This question was part of the HPPSC Prelims 2021 (GS). The HPPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all HPPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.