Question

Which one of the following issues currency notes in India?

Options

• Finance Ministry

• Reserve Bank of India

• State Bank of India

• Central Bank of India

Answer 1

Reserve Bank of India

Explanation:

The Reserve Bank of India (RBI) is responsible for issuing currency notes in India under the Reserve Bank of India Act, 1934.

• The RBI issues all currency notes except the ₹ 1 note and coins, which are issued by the Ministry of Finance.
• All notes issued by the RBI carry the signature of the Governor of the Reserve Bank of India.