What is the legal instrument of exchange in the economy? Who is working as a loan evaluator in India? Who is the present governor of RBI?
Understand the Problem
The question is asking for the legal instrument of exchange in the economy, along with identifying a loan evaluator in India and the current governor of the RBI. It requires knowledge of economic concepts and entities involved in banking and finance in India.
Answer
Money; CIBIL; Shaktikanta Das
The legal instrument of exchange in the economy is 'Money'. CIBIL works as a loan evaluator in India. The present governor of RBI is Shaktikanta Das.
Answer for screen readers
The legal instrument of exchange in the economy is 'Money'. CIBIL works as a loan evaluator in India. The present governor of RBI is Shaktikanta Das.
More Information
Money acts as a medium of exchange in economies, facilitating trade. CIBIL (Credit Information Bureau (India) Limited) provides credit scores and reports for loan evaluations.
Tips
Ensure to distinguish between various financial instruments and their roles.
Sources
- The Reserve Bank of India (RBI): What It Is and How It Works - investopedia.com
- NEGOTIABLE INSTRUMENTS ACT, 1881 - S3waas - cdnbbsr.s3waas.gov.in
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