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Indian Economy MCQ
1. Why Reserve Bank of India is called custodian of foreign balances of the country?
(A): (A) Because Govt delegates RBI to redistribute the Foreign Currencies in India
(B): (B) Because RBI maintains both Gold and foreign currencies as reserves against note issues
(C): (C) Because RBI is delegated by the government to absorb all the foreign currency in India
(D): (D) None of the above
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