Multiple choice

Who has the sole right to issue paper currency in India?

  1. Ministry of Finance

  2. Planning Commission

  3. Finance Commission

  4. Reserve Bank of India

  5. None of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Correct Answer: Reserve Bank of India. Banknotes in India are currently being issued in the denomination of ₹ 10, ₹ 20, ₹ 50, ₹ 100 ₹ 500, and ₹ 1000. These notes are called banknotes as they are issued by the Reserve Bank of India (Reserve Bank).