- RBI follows the Minimum Reserve System (MRS) for issuing currency notes. - The minimum reserve is ₹200 crores. - This reserve must consist of gold and foreign exchange assets.
The Reserve Bank of India issues currency notes maintaining
Asked in WBCS Main Paper 5 2023 · Topic: Money & Banking (Reserve Bank of India (RBI): Role, Functions, and Autonomy)
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Answer: C. a minimum reserve of gold and foreign ex‐ changes.
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