Question

The demand for bank notes is estimated by the Reserve Bank of India (RBI) using which of the following statistics?

A The growth rate of the economy Correct Answer Incorrect Answer
B The replacement demand Correct Answer Incorrect Answer
C Reserve requirements Correct Answer Incorrect Answer
D Only 1) and 2) Correct Answer Incorrect Answer
E All 1) 2) and 3) Correct Answer Incorrect Answer

Solution

The Reserve Bank estimates the demand for bank notes on the basis of the growth rate of the economy, the replacement demand and reserve requirements by using statistical models.

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