Choose the correct combination:

A-1 B-2 C-3 D-4

A-1

Bonds do not have universal acceptability as money. Rising price level leads to decline in purchasing power of money. Double co-incidence of wants exists in barter system. Money rather eliminates the need for double co incidence of wants. Opening of Jhan Dhan Accounts is one of the step towards achieving financial inclusion in Indian economy.