The monetary authority in India, viz Reserve Bank of India, is bound to maintain a reserve against the notes issued, whatever may be the amount. This system is called as [Corporation Bank 2011]

The monetary authority in India, viz Reserve Bank of India, is bound t

1.	The monetary authority in India, viz Reserve Bank of India, is bound to maintain a reserve against the notes issued, whatever may be the amount. This system is called as [Corporation Bank 2011]
A.	Minimum Reserve System
B.	Proportional Reserve System
C.	Maximum Fiduciary Issue System
D.	Simple Deposit System
E.	None of these
Answer» C. Maximum Fiduciary Issue System

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The monetary authority in India, viz Reserve Bank of India, is bound to maintain a reserve against the notes issued, whatever may be the amount. This system is called as [Corporation Bank 2011]

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