Multiple choice

Which one of the following is correct regarding the Note Issuing Authority of the Reserve Bank of India?

  1. Apart from the government it has the authority / monopoly to issue Currency notes other than one rupee notes/ coins.

  2. One rupee notes/coins and coins of smaller denominations are put into circulation by the Central government.

  3. At present the RBI Issues notes in seven denominations.

  4. The functions of note issue and currency management are discharged by the RBI through its head office in Mumbai.

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

RBI currently issues notes in seven denominations: Rs. 10, 20, 50, 100, 200, 500, and 2000. Option A is incorrect because RBI alone has the monopoly (not the government). Option B is incorrect - only one rupee notes are issued by government, not coins. Option D is incorrect because these functions are performed through 19 issue offices across India, not just the head office.

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