12th Class Economics Money And Banking Question Bank MCQs - Money and Banking

  • question_answer
    Which of the following systems is followed by Reserve Bank of India for issuing currency?

    A) Minimum reserve system

    B) Proportionate system

    C) Fixed fiduciary issue system

    D) Simple deposit system

    Correct Answer: A

    Solution :

    Minimum reserve system is the one in which Central Bank get any amount of current printed against a minimum amount reserve.


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