Question

Under Section 34 of the RBI Act, 1934, the liabilities of the Issue Department shall be an amount equal to the total of what?

A The currency notes of the Government of India and bank notes in circulation
B The capital and reserves of the Bank
C The deposits of all scheduled banks
D The gold and foreign securities held
E The advances made to the Central Government
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RBI Grade B 2026 Phase 1 Memory Based Paper
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