BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Governor of Reserve Bank of India
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Prime Minister of India
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President of India
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Secretary, Ministry of Finance (Government of India)
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Detailed explanation-1: -Under section 22 of the Reserve Bank of India Act, RBI has sole right to issue currency notes of various denominations except one rupee note s. The One Rupee note is issued by Ministry of Finance and it bears the signatures of Finance Secretary, while other notes bear the signature of RBI Governor.
Detailed explanation-2: -The One Rupee note is issued by the Ministry of Finance and it bears the signatures of Finance Secretary, while other notes bear the signature of Governor RBI.
Detailed explanation-3: -As a result, the one rupee note is the only note bearing the signature of the Finance Secretary and not the Governor of the RBI.
Detailed explanation-4: -The one rupee note and coins are issued by ministry of finance and it bears the signature of Finance Secretary.
Detailed explanation-5: -Detailed Solution. The correct answer is option 4 i.e. The Finance Secretary.