The assets that RBI acquire against the currency printed by it are ______________.
A
Non income yielding assets
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B
Income yielding assets
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C
Bonds
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D
All of the above
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Solution
The correct option is A Non income yielding assets Reserve Bank of
India(RBI) is the apex institution of the monetary and banking structure of India
that regulates and controls the entire banking system of India. The assets which are acquired by the Reserve Bank of India(RBI) against the currency printed are a part of nation's wealth and not their owned money due to which it is also known as non-income yielding assets as no income can be generated from such assetd.