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Give Any Two Reasons for Giving the Monopoly Right of Note Issue to the Central Bank. - ICSE Class 10 - Economics

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Question

Give any two reasons for giving the monopoly right of note issue to the Central Bank.

Solution

RBI has the sole authority for issue of paper currency notes because this leads to uniformity in note circulation and ensures public faith in the currency system.

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Solution Give Any Two Reasons for Giving the Monopoly Right of Note Issue to the Central Bank. Concept: Quantitative and Qualitative Credit Control Measures Adopted by RBI.
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