UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Money Supply and Indian Financial System

  • question_answer
          Which among the following is a correct definition of Fiduciary Issue of notes?

    A) The issue of currency notes without metallic backing.

    B) The issue of currency notes with metallic backing.

    C) The issue of currency notes with partial metallic backing.

    D) The issue of currency notes with proportional metallic backing.

    Correct Answer: A


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