What is the basis for issuing currency notes. How much RBI
can issue currency notes.
Answers were Sorted based on User's Feedback
Answer / ankit agarwal
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.
The Reserve Bank decides upon the volume and value of bank
notes to be printed. The quantum of bank notes that needs
to be printed broadly depends on the annual increase in
bank notes required for circulation purposes, replacement
of soiled notes and reserve requirements
A currency note (say a $10 bill) is technically a bearer
promissory note, where in the issuing authority promises to
pay the bearer (one how is holding the money) the value of
$10 whenever demanded. Technically, this means that the
holder of money can get equivalent value in gold.
Then the authorities issued money having full backing of
Gold. This was called the Gold parity or the Gold Reserve
System
| Is This Answer Correct ? | 44 Yes | 25 No |
Answer / rupali pramanik
What is the basis for issuing currency notes. How much RBI
can issue currency notes.
| Is This Answer Correct ? | 37 Yes | 52 No |
Hello friends, I am having my SBI interview on 26 May. I have some questions regarding certificates and attestation - As of my understanding they want original 10th, 12th and graduation degree/marksheet and only one attested copy of these documents. Is character certificate mandatory? Can these copies be self attested? Or only by….. I only have my academic documents with me. Will it be sufficient to attend the interview? Please let me know if I am leaving anything. Thanks Disha
Hi am sireesha can anybody give the datails of abt OBC catogory, that means what are the certificates regarding OBC should i carry for SBI interview
Hi friends i am M.Ponraj, i have been selected for the post of Sorting Assistant in RMS'T'Division(Tiruchirapalli), Department of Posts, India on December 29th 2009. In trichy division 23 candidates were selected and 10 of them were given induction training and they are to be posted in trichy division. I am waiting for the induction training. In the mean time i got selected in the SBI-Clerk written exam and attended the interview for it in Chennai on 26th April 2010. Any one selected as Sorting Assistant in RMS attended SBI-Clerk interview on april or may 2010. If so Please mail me to mponrajbe@gmail.com Thanks, M.Ponraj +91-9655975726 20May2010
0 Answers State Bank Of India SBI,
explain you would be an asset for this organisation?
0 Answers State Bank Of India SBI,
1)what iz d role of sbi in development of rural indian and rural farmers? 2)nationalization of bank when and why? 3)why you r changing frm computer science to banking? 4)explain you would be an asset for this organisation? 5)what is ur philosophy towards work?
0 Answers State Bank Of India SBI,
I got a interview call from tamilnadu mercantile bank for clerk,and i have some confusion in answering some of the questions. 1. I am MBA and in interview if they say you are overqualified and ask why did you applied for clerk rather than PO how can i answer? The reality is i found clerk exam to be lot easier than PO, so how can i answer them? 2.What to answer if they ask why did you chose our Bank? 3.And what kind of questions they usually ask?
1 Answers Tamilnad Mercantile Bank, TMB,
What happens with the chances of employability with an overage candidate which when applying for the post was eligible but became overage after few months at the time of interview in indian public sector banks?
Hi friends, I think SBI interviews are over by today.So let us share our experiences. When are the results to be expected.
hi myself gaurav sharma and my interview is on 30th april 2010 in delhi plz send me everything you know about interview questions. my email is gaurav.ttt74@yahoo.com
hi..i've attended sbi clerical interview on 8th may.. can any one say wen t results will be announced.. my id: rsaranya05@gmail.com
hello i m selected for coporation bank for interview from obc catogary.the bank emaild me and mention that OBC certificate should be on or after 26.06.2010.how is possible in advertisment they told that obc certificate should not older than one year.and the date of advertisment was 01.07.2010.please friend help me becouse i m from bihar and you know the state assembly election is in progress all offices are closed how can i managed my interview is on 24.11.2010.what should i do ..........please mail me jitendrapd87@gmail.com (9681060233).please
Friends! how to prepare 4 the decriptive test for andhra bank clerk,what topics we have to read,what is the pattern of test?pl help anyone.thx