Question

Which among the following issues currency notes on behalf of the Central Government?

Options

• State Bank of India

• Reserve Bank of India

• Commercial Bank of India

• Union Bank of India

Answer 1

Reserve Bank of India

Explanation:

The Reserve Bank of India (RBI) is the central bank of India and it has the authority to issue currency notes on behalf of the Central Government. Other banks like State Bank of India or Union Bank of India cannot issue currency notes.