SSC GD 2023 PYQ — Question 29

The Correct answer is option 2 i.e. Credit control.

Credit control is used to control the demand and supply of money. 

1. Credit Control: Credit control refers to the practices and policies employed by businesses or financial institutions to manage and regulate the extension of credit to customers. It involves assessing creditworthiness, setting credit limits, and implementing measures to minimize credit risk.
2. Debit control: Debit control could refer to managing or monitoring debit transactions within a financial system. Debit transactions typically involve the reduction of funds from an account.
3. Equity Control: Equity control generally relates to the ownership and management of equity in a business. It involves decisions on how ownership shares (equity) are distributed, retained, or transferred within a company.