BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The term ‘Currency of India’ refers to
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one rupee notes and coins
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bank notes issued by Reserve Bank of India viz., Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100 and for other higher denominations
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one rupee notes and coins and bank notes issued by Reserve Bank of India
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one rupee notes only
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Explanation:
Detailed explanation-1: -The Indian currency is called the Indian Rupee (INR). One Rupee consists of 100 Paise. The symbol of the Indian Rupee is ₹.
Detailed explanation-2: -Reserve bank of India has the sole right to issue currency notes of various denominations except one rupee notes under Section 22 of Reserve bank of India Act. The one rupee note and coins are issued by ministry of finance and it bears the signature of Finance Secretary.
Detailed explanation-3: -Coins in India are presently being issued in denominations of 50 paise, one rupee, two rupees, five rupees, ten rupees and twenty rupees.
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