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The System where RBI has to keep a minimum reserve of Rs 200 Crores comprising of gold coin and gold bullion and foreign currencies is known as

AStatutory Liquidity Ratio

BMinimum Reserve System

CCash Reserve Ratio

DReserve Requirement System

Answer:

B. Minimum Reserve System

Read Explanation:

Minimum Reserve System:


  • Under the Minimum Reserve System, the RBI has to keep a minimum reserve of Rs 200 Crores comprising of gold coin and gold bullion and foreign currencies.
  • Out of the total Rs 200 Crores, Rs 115 Crores should be in the form of gold coins or gold bullion and rest in the form of foreign currencies.
  • India follows this System from 1956



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