Question:

Which of the following agency is responsible for using Rs. 1 currency note in India?

Show Hint

The Reserve Bank of India is responsible for issuing all denominations of currency, including Rs. 1 notes.
  • Reserve Bank of India
  • Ministry of Finance
  • Ministry of Commerce
  • Niti Ayog
Hide Solution
collegedunia
Verified By Collegedunia

The Correct Option is A

Solution and Explanation

Step 1: Identifying the responsible agency.
In India, the Reserve Bank of India (RBI) is responsible for issuing currency notes. The Ministry of Finance oversees the overall economic policy, but the actual issuance of currency is the responsibility of the RBI.

Step 2: Conclusion.
Thus, the correct answer is option (1) Reserve Bank of India.

Was this answer helpful?
0
0

Top Questions on Indian Economy

View More Questions

Questions Asked in MPBSE Class XII Board exam

View More Questions