Who has the sole right to issue paper currency in India?
-
Finance Commission
-
Planning Commission
-
RBI
-
Ministry of Finance
C
Correct answer
Explanation
The Reserve Bank of India (RBI) has the sole authority to issue currency notes in India under the RBI Act 1934. While coins are minted by the Government of India, paper currency is exclusively issued by RBI. This is a fundamental power of India's central bank.