Multiple choice general knowledge

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

  1. Finance Commission

  2. Planning Commission

  3. RBI

  4. Ministry of Finance

Reveal answer Fill a bubble to check yourself
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.