Question
Who among the following is not involved in the issuance
of currency notes in India? I. Reserve Bank of India (RBI) issues all currency notes except for one rupee notes. II. Ministry of Finance issues one rupee notes and coins.Solution
The Reserve Bank of India (RBI) is responsible for the issuance of all currency notes in India, starting from the ₹2 denomination upwards, as part of its monetary functions and as dictated by the RBI Act of 1934. The one rupee note, however, remains an exception, as it is issued by the Ministry of Finance. This unique arrangement marks the one rupee note and all coins as liabilities of the Government of India, and they bear the signature of the Finance Secretary, whereas notes of higher denominations are signed by the RBI Governor and are liabilities of the central bank.
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Column (1)
In the following questions, two columns are given, containing three phrases each. A phrase from the first column may or may not connect with a phrase f...
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- In the following question, two columns are given containing three sentences/phrases each. In the first column, sentences/phrases are A, B, and C; in the se...
In each of the following questions, two columns are given containing three sentences/ phrases each. A sentence or phrase from the first column may or m...
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Directions: Match the words in Column A with their meanings in Column B, and choose the correct combination from the options given below:
...Relevant for Exams:
