The RBI issues currency notes under the

Check All Courses

Question

The RBI issues currency notes under the

Options:

A . Maximum Fiduciary System

B . Fixed Fiduciary System

C . Fixed Minimum Reserve System

D . Proportional Reserve System

Answer: Option C
Answer: (c)
The Reserve Bank of India has the sole right to issue banknotes of all denominations. The distribution of one rupee notes and coins and small coins all over the country is undertaken by the Reserve Bank as an agent of the Government.
The system as it exists today is known as the minimum reserve system.

Was this answer helpful ?

Next Question

Submit Comment/FeedBack

More Questions on This Topic :

Question 1. Consider the following statements: The Fifth Economic Census was conducted by CSO in the year 2007.Intelligent Character....Fifth Economic Census.Which of the statements given above is/are correct?

Question 2. The Indian Economy is a....

Question 3. Which car has been the best seller in India in 2004-2005 ? ....

Question 4. Consider the following statements and select the correct code : Most of the governments run unbalanced budgets. In a bal....there could be budget surplus but no budget deficit.Code :

Question 5. Which of the following will not be the part of ‘financial inclusion’? Opening educational centres. Openi....financial inclusion. Select the correct answer using the codes given below:

Question 6. The Gandhian economy is based on the principle of....

Question 7. The purchase and sale of securities by the Central Bank is known as....

Question 8. Project ‘Sankalp’ started for the purpose ________ ....

Question 9. While computing national income estimates, which of the following is required to be observed ? ....

Question 10. Which of the following is/are the steps which will result in containing inflation? Increasing Cash Reserve Ratio (CRR....and sugar. Select the correct answer using the codes given below:

Latest Videos

Chapter 1 - GLOBAL STEEL SCENARIO & INDI Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Latest Test Papers

Chapter 3.1 : Overview of Finance & Acco Chapter 3 : Finance & Accounts SAIL E0 - GFM 2024

Chapter 2.1 : Overview Chapter 2 : Materials Management SAIL E0 - GFM 2024

Chapter 1.1 : Personnel Functions- An ov Chapter 1 : Personnel Management SAIL E0 - GFM 2024

GPOE / GPA Combined 1 Free CBT Mock Test SAIL E0 2024

CBT Mixed Test 1 GPOE/GPA SAIL E0 2024