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Which among the following authorities issues currency notes on behalf of the government?
  • a)
    Government of India
  • b)
    The State Bank of India
  • c)
    National Bank for Agriculture and Rural Development
  • d)
    Reserve Bank of India
Correct answer is option 'D'. Can you explain this answer?
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Which among the following authorities issues currency notes on behalf ...
The Reserve Bank Of India (RBI) issues currency notes on behalf of the central govt.
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Which among the following authorities issues currency notes on behalf ...
★ŘEŞEŘVE Bλ₦K Ø₣ ł₦Ðłλ (ŘBł).★
𝑇ℎ𝑒 𝑅𝑒𝑠𝑒𝑟𝑣𝑒 𝐵𝑎𝑛𝑘 𝑚𝑎𝑛𝑎𝑔𝑒𝑠 𝑐𝑢𝑟𝑟𝑒𝑛𝑐𝑦 𝑖𝑛 𝐼𝑛𝑑𝑖𝑎. 𝑇ℎ𝑒 𝐺𝑜𝑣𝑒𝑟𝑛𝑚𝑒𝑛𝑡, 𝑜𝑛 𝑡ℎ𝑒 𝑎𝑑𝑣𝑖𝑐𝑒 𝑜𝑓 𝑅𝑒𝑠𝑒𝑟𝑣𝑒 𝐵𝑎𝑛𝑘, 𝑑𝑒𝑐𝑖𝑑𝑒𝑠 𝑜𝑛 𝑡ℎ𝑒 𝑣𝑎𝑟𝑖𝑜𝑢𝑠 𝑑𝑒𝑛𝑜𝑚𝑖𝑛𝑎𝑡𝑖𝑜𝑛𝑠. 𝑇ℎ𝑒 𝑅𝑒𝑠𝑒𝑟𝑣𝑒 𝐵𝑎𝑛𝑘 𝑎𝑙𝑠𝑜 𝑐𝑜𝑜𝑟𝑑𝑖𝑛𝑎𝑡𝑒𝑠 𝑤𝑖𝑡ℎ 𝑡ℎ𝑒 𝐺𝑜𝑣𝑒𝑟𝑛𝑚𝑒𝑛𝑡 𝑖𝑛 𝑑𝑒𝑠𝑖𝑔𝑛𝑖𝑛𝑔 𝑜𝑓 𝑏𝑎𝑛𝑘 𝑛𝑜𝑡𝑒𝑠, 𝑖𝑛𝑐𝑙𝑢𝑑𝑖𝑛𝑔 𝑡ℎ𝑒 𝑠𝑒𝑐𝑢𝑟𝑖𝑡𝑦 𝑓𝑒𝑎𝑡𝑢𝑟𝑒𝑠. 𝑅𝑒𝑠𝑒𝑟𝑣𝑒 𝐵𝑎𝑛𝑘 𝑒𝑠𝑡𝑖𝑚𝑎𝑡𝑒𝑠 𝑡ℎ𝑒 𝑞𝑢𝑎𝑛𝑡𝑖𝑡𝑦 𝑜𝑓 𝑛𝑜𝑡𝑒𝑠 𝑡ℎ𝑎𝑡 𝑎𝑟𝑒 𝑙𝑖𝑘𝑒𝑙𝑦 𝑡𝑜 𝑏𝑒 𝑛𝑒𝑒𝑑𝑒𝑑 𝑑𝑒𝑛𝑜𝑚𝑖𝑛𝑎𝑡𝑖𝑜𝑛-𝑤𝑖𝑠𝑒 𝑎𝑛𝑑 𝑝𝑙𝑎𝑐𝑒𝑠 𝑡ℎ𝑒 𝑖𝑛𝑑𝑒𝑛𝑡 𝑤𝑖𝑡ℎ 𝑡ℎ𝑒 𝑣𝑎𝑟𝑖𝑜𝑢𝑠 𝑝𝑟𝑒𝑠𝑠𝑒𝑠 𝑡ℎ𝑟𝑜𝑢𝑔ℎ 𝑡ℎ𝑒 𝐺𝑜𝑣𝑒𝑟𝑛𝑚𝑒𝑛𝑡 𝑜𝑓 𝐼𝑛𝑑𝑖𝑎. 𝑇ℎ𝑒 𝑛𝑜𝑡𝑒𝑠 𝑟𝑒𝑐𝑒𝑖𝑣𝑒𝑑 𝑓𝑟𝑜𝑚 𝑡ℎ𝑒 𝑝𝑟𝑒𝑠𝑠𝑒𝑠 𝑎𝑟𝑒 𝑖𝑠𝑠𝑢𝑒𝑑 𝑎𝑛𝑑 𝑎 𝑟𝑒𝑠𝑒𝑟𝑣𝑒 𝑠𝑡𝑜𝑐𝑘 𝑖𝑠 𝑚𝑎𝑖𝑛𝑡𝑎𝑖𝑛𝑒𝑑. 𝑁𝑜𝑡𝑒𝑠 𝑟𝑒𝑐𝑒𝑖𝑣𝑒𝑑 𝑓𝑟𝑜𝑚 𝑏𝑎𝑛𝑘𝑠 𝑎𝑛𝑑 𝑐𝑢𝑟𝑟𝑒𝑛𝑐𝑦 𝑐ℎ𝑒𝑠𝑡𝑠 𝑎𝑟𝑒 𝑒𝑥𝑎𝑚𝑖𝑛𝑒𝑑. 𝑁𝑜𝑡𝑒𝑠 𝑓𝑖𝑡 𝑓𝑜𝑟 𝑐𝑖𝑟𝑐𝑢𝑙𝑎𝑡𝑖𝑜𝑛 𝑎𝑟𝑒 𝑟𝑒𝑖𝑠𝑠𝑢𝑒𝑑 𝑎𝑛𝑑 𝑡ℎ𝑒 𝑜𝑡ℎ𝑒𝑟𝑠 (𝑠𝑜𝑖𝑙𝑒𝑑 𝑎𝑛𝑑 𝑚𝑢𝑡𝑖𝑙𝑎𝑡𝑒𝑑) 𝑎𝑟𝑒 𝑑𝑒𝑠𝑡𝑟𝑜𝑦𝑒𝑑 𝑠𝑜 𝑎𝑠 𝑡𝑜 𝑚𝑎𝑖𝑛𝑡𝑎𝑖𝑛 𝑡ℎ𝑒 𝑞𝑢𝑎𝑙𝑖𝑡𝑦 𝑜𝑓 𝑛𝑜𝑡𝑒𝑠 𝑖𝑛 𝑐𝑖𝑟𝑐𝑢𝑙𝑎𝑡𝑖𝑜𝑛. 𝑇ℎ𝑒 𝑅𝑒𝑠𝑒𝑟𝑣𝑒 𝐵𝑎𝑛𝑘 𝑑𝑒𝑟𝑖𝑣𝑒𝑠 𝑖𝑡𝑠 𝑟𝑜𝑙𝑒 𝑖𝑛 𝑐𝑢𝑟𝑟𝑒𝑛𝑐𝑦 𝑚𝑎𝑛𝑎𝑔𝑒𝑚𝑒𝑛𝑡 𝑜𝑛 𝑡ℎ𝑒 𝑏𝑎𝑠𝑖𝑠 𝑜𝑓 𝑡ℎ𝑒 𝑅𝑒𝑠𝑒𝑟𝑣𝑒 𝐵𝑎𝑛𝑘 𝑜𝑓 𝐼𝑛𝑑𝑖𝑎 𝐴𝑐𝑡, 1934.
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Which among the following authorities issues currency notes on behalf of the government?a)Government of Indiab)The State Bank of Indiac)National Bank for Agriculture and Rural Developmentd)Reserve Bank of IndiaCorrect answer is option 'D'. Can you explain this answer?
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