BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following denomination of plastic notes is proposed to be introduced by RBI?
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5
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10
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20
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50
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Explanation:
Detailed explanation-1: -Presently, the Reserve Bank issues banknotes in denominations of ₹2, ₹5, ₹10, ₹20, ₹50, ₹100, ₹200, ₹500 and ₹2000. Coins in circulation comprise 50 paise and ₹1, ₹2, ₹5, ₹10 and ₹20 denominations. VIII.
Detailed explanation-2: -New Delhi: The Reserve Bank of India (RBI) has been authorised to conduct field trials for printing plastic notes of ₹ 10 denomination. This information was shared by Minister of State for Finance Arjun Ram Meghwal in a written reply with the Lok Sabha. Plastic notes will have a longer life span.
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