Q. Which among the following is a correct definition of Fiduciary Issue of notes?
Answer: The issue of currency notes without metallic backing
Notes: The fiduciary issue is the part of the issue of notes and coins that is not backed by gold. All notes are Fiduciary today.

This Question is Also Available in:

हिन्दी
Question Source: 📚This question has been sourced from GKToday's "40000+ GK / General Studies MCQs for SSC & State PCS Exams" App Exclusive Course in GKToday Android Application which provides more than 40K General Knowledge and General Studies questions with explanations asked in all Competitive Exams of India. Download the app here.
📌 Question Number: 5 in 35. Money Markets & Monetary Policy in the above course in App.