GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI Governor
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President of India
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Finance Minister
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Finance Secretary
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Detailed explanation-1: -Under Section 22 of the Reserve Bank of India Act, RBI has the sole right to issue currency notes of various denominations except one rupee note. The One Rupee note is issued by the Ministry of Finance and it bears the signatures of the Finance Secretary.
Detailed explanation-2: -As a result, the one rupee note is the only note bearing the signature of the Finance Secretary and not the Governor of the RBI. Predominantly pinkish green paper is used during printing.
Detailed explanation-3: -The design of the One Rupee Currency Notes will be as under: Obverse: It contains the words ‘ ’ above the words “Government of India” with the bilingual signature of Shri Ratan P.
Detailed explanation-4: -The RBI prints all currency notes including the one rupee denomination notes.