Question

Which of one of the following system is followed by reserve bank of India for issuing currency? a) proportionate system b) simple deposit system ) minimum deposit system d) fixed fiduciary issue system ​

Answer 1

Answer:

The RBI follows the minimum reserve system, wherein it has to maintain a minimum quantity of gold bullion as reserves to issue currency.

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Answer 2

Answer:

IN THE ABOVE PICTURE ANSWER IS GIVEN

Explanation:

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