Question
Under Section 33 of the RBI Act, 1934, the assets of the
Issue Department consist of gold coin, gold bullion, foreign securities, rupee coin and which other category?Solution
Section 33(1) provides that the assets of the Issue Department shall consist of gold coin, gold bullion, foreign securities, rupee coin and rupee securities, to an aggregate amount not less than the total liabilities of the Issue Department. Under Section 33(2), the aggregate value of gold coin, gold bullion and foreign securities held as assets shall not at any time be less than two hundred crores of rupees, with gold alone not less than one hundred and fifteen crores. The missing category is rupee securities.
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