Economics · Monetary Policy
Under the Minimum Reserve System introduced via the RBI Amendment Act of 1957, what is the total minimum value of gold and foreign securities that the Reserve Bank of India must maintain at all times?
- 1Rs 100 crore
- 2Rs 150 crore
- 3Rs 200 crore✓
- 4Rs 250 crore
Correct answer
Rs 200 crore
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