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Discussion

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

  • A.Rs 10 crore
  • B.Rs 20 crore
  • C.Rs 40 crore
  • D.Rs 100 crore

Answer: D

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 100 crore as on Fridays

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