1. In Minimum Reserve System, RBI had to keep a minimum reserve of Gold worth Rs. 115 Crores and rest in Indian Rupees. |
2. The Minimum Requirement of Foreign Securities was diluted when Minimum Reserve System was launched. |
A) Only 1 is correct
B) Only 2 is correct
C) Both of them are correct
D) Both of them are incorrect
Correct Answer: C
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