The ID is part of the Ayushman Bharat Digital Mission (ABDM) being implemented by the National Health Authority (NHA). While NHA has created 402.6 million ABHA IDs so far, the target is to cover.

The process of contraction of bank credit is the same as that of expansion—only in the reverse direction. The credit creation multiplier process works as easily in the backward direction. It may be mentioned that sometimes the government intervenes directly with the creation and destruction of money (by commercial banks).

Solution Verified by Toppr It is true that commercial Banks creates money through credit creation. The Central Bank issues credit on basis of primary deposits and create money many more times than the deposits. These banks lend money for productive work which increase production, productivity and ultimately National Income.

class-12 1 Answer +2 votes answered Aug 6, 2020 by Eshan01 (52.6k points) selected Aug 7, 2020 by Aalaya Best answer Commercial banks create deposits in by credit creation. A commercial bank creates credit in the sense that it gives more loans than the cash deposits received from the depositors.

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