NextQ55

"In the 1990s, on the advice of Reserve Bank of India (RBI), the Government of India took a decision of hypothecation of gold reserves to different nations." In the light of above statement, discuss briefly the role of Central Bank as Banker, Agent and Adviser to the Government.

Money Creation by Commercial BanksStudy Simplify SpecialPYQ1MCQ
Question 54

If the total credit created by the banks is Rs. 500 and Reserve Ratio is 20%, the value of primary deposits would be ____________. (Choose the correct option to fill in the blank)

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