Consider the following statements:

  1. Indian Commercial Banks run on the Unit Banking System
  2. Expansion and contraction of deposits by the Commercial Banks means expansion and contraction of money in the country

Which among the above statements is / are correct?

[A] Only 1 is correct
[B] Only 2 is correct
[C] Both 1 & 2 are correct
[D] Neither 1 nor 2 is correct

Show Answer

Advertisement

Kindly help us to keep GKToday updated and error free. Use this form to report error or outdated information in questions. We shall rectify asap...