Q157
Which of the following statements are true? 1. RBI follows Minimum Reserve System for issuing paper currency note. 2. Under Section 22 of the RBI Act, the RBI issues notes. 3. The bill which does not require any acceptance is called Promissory Note. 4. Bank deposit is a non-marketable security.
A.
1, 2 and 4
B.
2, 3 and 4
C.
1, 3 and 4
D.
1, 2, 3 and 4
AnswerAnswer: Option D
Solution
Answer: Option D
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