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The Reserve Bank of India issues

  1. A
    all the currency notes.
  2. B
    all the currency notes except the one rupee note.
  3. C
    all the currency notes except the hundred rupee note.
  4. D
    only notes of rupees 10 and above.

Solution & Step-by-step Explanation

Under Section 22 of the RBI Act 1934, the Reserve Bank of India has the sole authority to issue banknotes of all denominations in India, except for the one-rupee note and coins of various values, which are issued directly by the Ministry of Finance, Government of India.

Practice this question

Try it yourself before checking the explanation above.

The Reserve Bank of India issues
A
all the currency notes.
B
all the currency notes except the one rupee note.
C
all the currency notes except the hundred rupee note.
D
only notes of rupees 10 and above.

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RBIIndian CurrencyMonetary Authority

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