A cheque is a written instruction from an account holder directing the bank to pay a specific amount to a person or organization. It serves as a safe and convenient method for making payments without using cash. Correct Option: (d) ...
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In a barter system, trade happens only if each person has what the other wants. This requirement of a double coincidence of wants makes trade inefficient and limits the number of potential trade partners. It is one of the main ...
Education improves human development by increasing literacy, employment and income levels. It enhances health and life expectancy, promotes gender equality and social awareness and reduces poverty. By creating skilled citizens, education drives economic growth and raises overall living standards and ...
The RBI regulates credit by controlling its supply through monetary tools, maintaining price stability to prevent inflation and ensuring financial discipline among banks. These measures promote economic stability, sustainable growth and public trust in India’s financial system.
Public investment in infrastructure boosts economic growth by improving connectivity, reducing production costs and promoting industrial and agricultural development. It also enhances education, health and living standards, leading to sustainable and inclusive development for the nation’s overall progress.