New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    High powered money is 

    A Banks reserves at Central Bank Correct Answer Incorrect Answer
    B All loans and advances of banks Correct Answer Incorrect Answer
    C Money held by banks Correct Answer Incorrect Answer
    D Currency held by public and reserves with the Central Bank Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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