In India currency-notes issue system is based on
A. Proportional Reserve System
B. Minimum Reserve System
C. Fixed Exchange Rate System
D. Fully Convertibility System
Answer: Option B
Solution(By Examveda Team)
In India currency-notes issue system is based on Minimum Reserve System. Under the Minimum Reserve System, the RBI has to keep a minimum reserve of Rs 200 crore comprising of gold coin and gold bullion and foreign currencies.This Question Belongs to Management >> International Finance And Treasury
Related Questions on International Finance and Treasury
A. The British Pound
B. The Japanese Yen
C. The Spanish Peso
D. The US Dollar
Not a profit maximizing business is
A. International Monetary Fund
B. International bank for Reconstruction and Development
C. International Financial Corporation
D. World Trade Organisation
A. Merchandise Payment
B. Service Payment
C. Factory Income
D. Transfer payment
Nations that have major economic expansion attract
A. Imports
B. Direct Foreign Investment
C. Exports
D. Privatization
Join The Discussion