| Column I | Column II | ||
| (A) | Under this system, the Central Bank is required to keep a minimum reserve of gold and foreign exchange worth of Rs. 200 crore. | 1. | Inconvertible paper currency standard |
| (B) | The present monetary system in India is also known as | 2. | Minimum reserve |
| (C) | People hold cash for unforeseen contingencies | 3. | Speculative motive |
| (D) | People hold cash for making gainful investments | 4. | Precautionary motive |
A) A - 4, B - 1, C - 2, D - 3
B) A - 3, B - 1, C - 4, D - 2
C) A - 2, B - 1, C - 4, D - 3
D) A - 1, B - 2, C - 3, D - 4
Correct Answer: C
Solution :
[c] A - 2, B - 1, C - 4, D - 3
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