Economics · Indian Fiscal System
What was the primary objective of introducing the Special Bearer Bonds Scheme in India?
- 1To finance the fiscal deficit of rural development banking systems
- 2To boost the liquidity of small and medium enterprises in stock markets
- 3To regulate the quantitative credit control tools of monetary policy
- 4To unearth and canalize black money into the mainstream economy✓
Correct answer
To unearth and canalize black money into the mainstream economy
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