Anshika Sharma India 3k Questions 2k Answers 3 Best Answers 4k Points View Profile 0 Anshika Sharma Asked: May 7, 20202020-05-07T13:14:57+05:30 2020-05-07T13:14:57+05:30In: Education The type of note issue system followed in India is : 0 The type of note issue system followed in India is : economy Share Facebook 2 Answers Voted Oldest Recent Charu New Delhi, 602 Questions 2k Answers 4 Best Answers 2k Points View Profile Charu Added an answer on May 7, 2020 at 1:23 pm In India, currencies are issued by the RBI with the backing of reserves comprised of gold and foreign exchange (foreign currencies). For the issue of currencies, the RBI follows Minimum Reserve System at present. The Minimum Reserve System (MRS) is followed from 1956 onwards. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Abhinav.arjun47 Moradabad, India 1k Questions 2k Answers 14 Best Answers 4k Points View Profile Abhinav.arjun47 Added an answer on May 7, 2020 at 1:18 pm Initially, the proportional reserve system was adopted in India. Later on, India adopted the minimum reserve system and is still continuing with this system of note issue. The entire issue of currency notes is subjected to the regulations framed in the RBI Act, 1935. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.