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Question
Which of the following statements are true?
- The Reserve Bank of India is the central bank of the country.
- All currency notes (except one rupee note) bear the signature of Governor, RBI.
- The objective of the Reserve Bank of India is to earn profit.
Options
Only (i) and (ii)
Only (i) and (iii)
Only (ii) and (iii)
All of the above
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Solution
Only (i) and (ii)
Explanation:
- Statement (i): True. The Reserve Bank of India (RBI) is the country's central bank.
- Statement (ii): True. All currency notes (save the one rupee note) contain the signature of the Reserve Bank of India's Governor. The Finance Secretary signs the one rupee note.
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