BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tax Revenue Receipts
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Non tax Revenue
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Capital Receipts
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None of these
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Detailed explanation-1: -Banknotes in India are currently being issued in the denomination of ₹10, ₹20, ₹50, ₹100 ₹200, ₹500, and ₹2000. These notes are called banknotes as they are issued by the Reserve Bank of India.
Detailed explanation-2: -Central Bank is the Bank of Issue.
Detailed explanation-3: -ISSUER OF CURRENCY The Reserve Bank is the nation’s sole note issuing authority. Along with the Government of India, we are responsible for the design, production and overall management of the nation’s currency, with the goal of ensuring an adequate supply of clean and genuine notes.
Detailed explanation-4: -2. Definition of Government Securities.-(1) In this Act “Government Securities” means promissory notes, stock certificates and other securities issued by the Government either before or after the commencement of this Act in respect of any loan contracted by it, but does not include currency notes; (2) Prescribed.