Economics · Currency Issuance System
Under the Minimum Reserve System (MRS) managed by the RBI for issuing currency notes, what is the minimum value of gold that must be held at all times out of the total reserve backing of ₹200 crore?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 500 crore
- 2Rs. 200 crore
- 3Rs. 115 crore✓
- 4Rs. 100 crore
Correct answer
Rs. 115 crore
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