In May 1991 the RBI pledged 47 tonnes of gold with the Bank of England…

Question

In May 1991 the RBI pledged 47 tonnes of gold with the Bank of England to raise:

Accepted Answer

B. 600 million dollars

1. 20 tonnes were also leased to the State Bank of India.
2. The pledge raised 600 million dollars.
3. The gold was later brought back.
_Source: syllabus Business Studies, Chapter 3, Business Environment._

Answer

60 million dollars

Answer

2.3 billion dollars

Answer

500 million dollars

In May 1991 the RBI pledged 47 tonnes of gold with the Bank of England to raise:

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