In the system of currency notes, which system is followed in India?

Proportional reserve system.
Minimum reserve system
Maximum reserve system
Fixed reserve system

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 2 : Minimum reserve system

The Reserve Bank has the sole right to issue currency notes, except one rupee notes which are issued by the Ministry of Finance. The RBI follows a minimum reserve system in the note issue.

4 views Answered 2022-09-04 04:29

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