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Discussion

According to RBI Act, what minimum amount of daily balance needs to be maintained by Government of India with Reserve Bank of India?

  • A.Rs 5 crore
  • B.Rs 10 crore
  • C.Rs 25 crore
  • D.Rs 50 crore

Answer: B

The Central and the State Governments maintain deposits with the Reserve Bank. It has been agreed by the Central Government, to maintain a minimum balance of Rs 10 crore daily.

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