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In a 40 minute long speech Prime Minister Narendra Modi announced the demonetisation of existing notes ₹ 1 currency note is issued by ______ -

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Question

Read the below case and answer the question that follow:

In a 40 minute long speech Prime Minister Narendra Modi announced the demonetisation of existing notes of ₹ 500 and ₹ 1,000 during a televised address on Tuesday evening.
Modi announced that the notes of ₹ 500 and ₹ 1,000 "will not be legal tender from midnight tonight" and these will be "just worthless pieces of paper. PM also urged people to 'join this mahayojna against the ills of corruption.

- "What is demonetisation and why was it done?"
The Economic Times, Nov 09, 2016

₹ 1 currency note is issued by ______

Options

  • Finance Ministry

  • RBI

  • NITI Aayog

  • None of the above

MCQ
Fill in the Blanks

Solution

₹ 1 currency note is issued by Finance Ministry.

Explanation:

The Ministry of Finance issues one rupee notes and coins, which feature the signature of the Finance Secretary.

shaalaa.com
Central Bank: Functions
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