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This question belongs to General Knowledge Indian Economy

Indian Economy

?

If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits

A) will decrease B) will increase C) will neither increase nor decrease D) None of the above

Answer & Solution

Correct Answer: Option C

If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits will neither increase nor decrease.

Question posted by Examveda

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Kriti Prahladka 8 years ago

How will it remain unchanged? Shouldn't the total deposit increase?

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