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Discussion

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

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

Answer: C

State Governments need to maintain minimum Rs 40 crore balances on every Friday with RBI.

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