Consider the following statements: 1. In Minimum Reserve System, RBI had to keep a minimum reserve of Gold worth Rs. 115 Crores and rest in Indian Rupees. 2. The Minimum Requirement of Foreign Securities was diluted when Minimum Reserve System was launched. Which among the above statement is / are correct?

Consider the following statements: 1. In Minimum Reserve Sy

1.	Consider the following statements: 1. In Minimum Reserve System, RBI had to keep a minimum reserve of Gold worth Rs. 115 Crores and rest in Indian Rupees. 2. The Minimum Requirement of Foreign Securities was diluted when Minimum Reserve System was launched. Which among the above statement is / are correct?
A.	Only 1 is correct
B.	Only 2 is correct
C.	Both of them are correct
D.	Both of them are incorrect
Answer» D. Both of them are incorrect