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Question
______ issues currency notes on behalf of the Central Government.
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Solution
Reserve Bank of India issues currency notes on behalf of the Central Government.
Explanation:
The RBI, as the nation’s central bank, has sole authority to create and control banknotes in order to ensure economic stability and uniformity. It is in charge of the distribution and management of currency throughout the country, although the government has final say over the design and denominations.
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