Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

Which of the following issues "Credit cards" in the country?

Options:

Government of India

Reserve Bank of India

Commercial banks

Both 1 and 3

Correct Answer:

Commercial banks

Explanation:

A credit card is basically a financial instrument issued by banks with a pre-set credit limit, helping individuals make cashless transactions. It is issued by commercial banks of the country.