Which of th following system is followed by the Reserve Bank of India for issuing currency? Option 1: Proportionate system. Option 2: Minimum Reserve System. Option 3: Simple Deposit System. Option 4: Fixed fiduciary issue System.

The answer is 'Minimum Reserve System.'. View full solution:

CUET Economics - Which of th following system is followed by the Reserve Bank of India for issuing currency? | PYQs + Solutions

CUET Economics 2025 30 May Shift 1

Macro

Medium

Proportionate system.

Minimum Reserve System.

Simple Deposit System.

Fixed fiduciary issue System.

✅ Correct Option: 2

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The Reserve Bank of India (RBI) recently imposed a monetary penalty on three banks -- Rs 1.50 lakhs on Dr. Ambedkar Nagarik Sahakari Bank Maryadit, Rs 25,000 on Nagarik Sahakari Bank Maryadit, and Rs 1 lakh on Ravi Commercial bank for violating the provisions of its regulations. The banking regulator has imposed a monetary penalty for contravention of non-compliance with the directions issued to Ravi Commercial bank on exposure norms and statutory and other restrictions & KYC.

Which function of central Bank is refered to in the above paragraph.

CUET Economics 2025 30 May Shift 1 PYQs

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