Multiple choice general knowledge

Which of the following has the sole right of issuing paper notes in India?

  1. Union Government

  2. Reserve Bank of India

  3. Ministry of Finance

  4. Supreme Court
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Reserve Bank of India has the sole right to issue paper currency notes in India under the RBI Act 1934. While the Ministry of Finance issues coins, only the RBI can issue banknotes. The Union Government and Supreme Court have no role in currency issuance.

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