GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI issue currency rupee notes on bases of ____
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By holding minimum value of gold coins and bullion
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By holding minimum foreign securities as a part of the total approved assets
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Both (a) and (b)
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By holding minimum amount of commodities which are trading in commodity exchanges
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Explanation:
Detailed explanation-1: -issues currency notes on behalf of the Central Government.
Detailed explanation-2: -Facts about Re 1 note Printing of the note was discontinued in 1994 because of high printing cost and after a gap of 22 years in 2015, it was reintroduced. Issued as a promissory note, the one rupee paper currency was printed in England.
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