Cash kept in the currency chest is owned by? A. Currency Chest branch bank B. State Bank of India C. Central Government D. Reserve Bank of India

Cash kept in the currency chest is owned by? A. Currency Chest branch bank B. State Bank of India  C. Central Government D. Reserve Bank of India
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D. Reserve Bank of India Explanation: The amount of cash kept in the currency chest belongs to the RBI and is used for maintaining the Cash Reserve Ratio. To facilitate the distribution of banknotes and rupee coins, the Reserve Bank has authorised select branches of scheduled banks to establish currency chests. These are actually storehouses where banknotes and rupee coins are stocked on behalf of the Reserve Bank.
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Last Answer : answer:

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Last Answer : answer:

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