HomeTestsSearchRankProfile
mediumMCQIndian Banking System2026General Studies
1 attempts0% success rate1 mark

Which of the following is not true about the Reserve Bank of India?

  1. A
    It regulates the currency and credit system of India
  2. B
    It maintains the exchange value of the Rupee
  3. C
    Foreign exchange reserves are kept by the RBI
  4. D
    One-rupee notes and coins are issued by the RBI

Solution & Step-by-step Explanation

One-rupee notes and all denominations of coins are issued by the Ministry of Finance, Government of India, not by the Reserve Bank of India. The RBI acts as the issuing authority for all other currency notes.

Practice this question

Try it yourself before checking the explanation above.

Which of the following is not true about the Reserve Bank of India?
A
It regulates the currency and credit system of India
B
It maintains the exchange value of the Rupee
C
Foreign exchange reserves are kept by the RBI
D
One-rupee notes and coins are issued by the RBI

Share This Question

Reserve Bank of IndiaCurrency IssueCentral Banking

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across General Studies.

Browse TestsLeaderboard

Discussion