The Reserve Bank of India follows which system for the issue of currency?
The Reserve Bank of India (RBI) follows the Minimum Reserve System for issuing currency. Since 1956, the RBI maintains a minimum reserve of ₹200 crore in gold and foreign securities. This system allows the RBI to issue currency as long as it maintains this minimum reserve, providing flexibility to manage the supply of currency in the economy without needing to hold a proportionate amount of gold or foreign exchange for each unit of currency issued.
Which of the following statements is correct about fiduciary matters (matters of trust)?
Which of the following is not a tax-saving investment?
Which of the following is not a type of inflation based on its speed or intensity?
One of the popular online payment method, UPI stands for:
Which of the following is inversely related to the rate of interest?
Which committee is also known as Village and Small Scale Industries Committee?
The Monetary Policy Committee (MPC) was established to formalise inflation targeting. How many members constitute India’s MPC?
