Economics · Banking in India

Under the Minimum Reserve System, what is the minimum value of gold reserves that the Issue Department of the Reserve Bank of India (RBI) must maintain at all times?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs 225 crore
2Rs 115 crore✓
3Rs 200 crore
4Rs 85 crore

Correct answer

Rs 115 crore

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Under the Minimum Reserve System, what is the minimum value of gold reserves that the Issue Department of the Reserve Bank of India (RBI) must maintain at all times?

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Under the Minimum Reserve System, what is the minimum value of gold reserves that the Issue Department of the Reserve Bank of India (RBI) must maintain at all times?

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