Consider the following steps: 

  1. Banking Department gets currency from the Issue Department 
  2. Government puts the currency in circulation
  3. Central Government Incurs a deficit in its Budget 
  4. Government Sells Treasury Bills to Banking Department of RBI

Which among the following is the correct order of the above steps?

[A] 1 2 3 4
[B] 2 3 4 1
[C] 3 4 1 2
[D] 4 3 2 1

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