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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 is option 'A'. Can you explain this answer?
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Which of the following systems is followed by Reserve Bank of India fo...
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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Which of the following systems is followed by Reserve Bank of India for issuing currency?a)Minimum reserve systemb)Proportionate systemc)Fixed fiduciary issue systemd)Simple deposit systemCorrect answer is option 'A'. Can you explain this answer?
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