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Banking General Awareness Reserve Bank of India Question Bank Previous Years Questions - Reserve Bank of India - Structure and Functions

  • question_answer
    The monetary authority in India, viz Reserve Bank of India, is bound to maintain a reserve against the notes issued, whatever may be the amount. This system is called as  [Corporation Bank 2011]

    A)  Minimum Reserve System

    B)  Proportional Reserve System

    C)  Maximum Fiduciary Issue System

    D)  Simple Deposit System

    E)  None of these

    Correct Answer: B

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