Discussion
In India, fixed fiduciary system of note issue was in force from -
Answer: A
From 1861 to 1920.
Under the fixed fiduciary system the government could issue notes up to a fixed amount against government securities, and beyond that only against an equal value of gold and silver. It was replaced by the proportional reserve system, and that in turn by the minimum reserve system in 1957.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development