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Against the currency issued by the Reser...

Against the currency issued by the Reserve Bank of India, It has to maintain certain assets as prescribed in the Reserve Bank of India Act, 1934. Which of the following is not an eligible asset in this regard:

A

Forex Reserves

B

Gold

C

Shares and Debenture of Joint Stock Companies

D

Government Securities

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Verified by Experts

The correct Answer is:
C
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