The system wherein the Reserve Bank of India is obligated to uphold a reserve against the note issue, regardless of the amount, is known as: - Study24x7
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Dev kumar
18 Jun 2024 01:24 PM study24x7 study24x7

The system wherein the Reserve Bank of India is obligated to uphold a reserve against the note issue, regardless of the amount, is known as:

A

Minimum Reserve System

B

Proportional Reserve System

C

Maximum Fiduciary Issue system

D

Simple deposit system

UPSC
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