In economic parlance, which among the following can create money?
1. Commercial Banks
2. Central Bank of India
3. Government
Choose the correct option from the codes given below:

Answer: [D] 1, 2 & 3

Money creation is the process by which the money supply of a country or a monetary region is increased. Banks create new money whenever they make loans.

This question is a part of GKToday's Integrated IAS General Studies Module