GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In India, currency notes are issued by-
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Finance Ministry
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State Bank of India
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Financial Secretary
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Reserve Bank of India
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Explanation:
Detailed explanation-1: -Currency-Banknotes in India are currently being issued in the denomination of Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500 and Rs 2000. These notes are called banknotes as they are issued by the Reserve Bank of India (Reserve Bank).
Detailed explanation-2: -Reserve Bank of India-Bank Notes.
Detailed explanation-3: -The Reserve Bank of India (RBI) prints and manages currency in India, whereas the Indian government regulates what denominations to circulate. The Indian government is solely responsible for minting coins. The RBI is permitted to print currency up to 10, 000 rupee notes.
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