Multiple choice general knowledge

Issuing paper currency in India is a sole right of ….??

  1. SBI

  2. RBI

  3. FINANCE MINISTER

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

The Reserve Bank of India (RBI) has the exclusive authority to issue paper currency in India under the Reserve Bank of India Act, 1934. While the Government of India issues one-rupee notes, all other currency denominations are issued solely by the RBI as part of its central banking functions. SBI is a commercial bank, the Finance Minister is a political executive, and the President is the constitutional head - none have currency issuance powers.

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