Indian Economy
In India, the first bank of limited liability managed by Indians and founded in 1881 was

Hindustan Commercial Bank
Oudh Commercial Bank
Punjab and Sind Bank
Punjab National Bank

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Indian Economy
Deficit financing leads to inflation in general, but it can be checked if

government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
only aggregate demand is increased
all the expenditure is denoted national debt payment only
All of the listed here

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