Economics · Money and Banking
Under the Minimum Reserve System, the Reserve Bank of India is required to maintain a minimum backup value of 200 crore rupees, out of which what assets must be held?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A minimum value in agricultural bills of exchange
- 2A minimum value of 115 crore rupees in gold and the rest in foreign securities✓
- 3A minimum value in foreign government bonds only
- 4A minimum value in domestic gold coins only
Correct answer
A minimum value of 115 crore rupees in gold and the rest in foreign securities
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