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Fiduciary money banking correct; RBI controls money supply, fiat money legal tender.
Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.
Treasury bill financial markets correct; SEBI regulates capital market operations.
Ref: NCERT Business Studies Class XII Chapter 10 Financial Markets explains capital market money market stock exchange SEBI functions clearly.
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