BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Reserve Bank of India will soon introduce Rs 20 notes with additional features. It will bear the signature of____
A
RBI Deputy Governor
B
Finance Secretary
C
Finance Minister
D
RBI Governor
Explanation: 

Detailed explanation-1: -The Reserve Bank of India will shortly issue ₹ 20 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Shri Shaktikanta Das, Governor, Reserve Bank of India.

Detailed explanation-2: -The RBI follows the minimum reserve system, wherein it has to maintain a minimum quantity of gold bullion as reserves to issue currency.

Detailed explanation-3: -The notes bear the signature of Dr. Bimal Jalan, Governor of the Reserve Bank.

Detailed explanation-4: -Yes, the new 20 rupee note this time was bearing a signature of “Governor–Shaktikant Das". Moreover, on the backside, of the new denomination has a pattern of Ellora Caves which represents the cultural heritage of India.

There is 1 question to complete.