1) Identify the incorrect statements
A) Under the Lead Bank
Scheme, head districts are
headed by state Bank by Indian group
its Nationalized banks and 3 private
banks.
B) The interest rate on kisan credit
scheme is higher than the GOP loans
and security/margin norms.
C) The present system of the note
issue is known as Minimum
Reserve System
D) The extrinsic value (face value) of
the nickel win is greater than its
intrinsic (actual) value
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Answer:
statement B is correct Answer of this question.
Explanation:
B) The interest rate on kisan credit scheme is higher than the GOP loans and security/margin norms is false
Interest rate can be defined as profit that an investor takes when he/she provides money to someone .
in other words when some one takes a loan from some one then the rate at which he has to pay back more money then original amount is defined as interest rate.
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