Financial Assets | MCQs

Explanation

At the time, the Indian government had about Rs 400 crore in its kitty,

Division of assets finally took place in 4:1 ratio

with the Partition Council allotting the Pakistan Central Bank Rs 75 crore,

which included a working balance of Rs 20 crore made available to the Pakistanis in advance on August 15, 1947.

Explanation

The Indian government's cash balance at the time of the Partition were a little under Rs 400 crore and Pakistan's share was fixed at Rs 75 crore, which was inclusive of Rs 20 crore made available to Pakistan.