CA Foundation Exam > CA Foundation Questions > The Reserve Bank of India issues all currency...
Start Learning for Free
The Reserve Bank of India issues all currency notes except:
- a)500 Rupee note
- b)100 Rupee Note
- c)10 Rupee note
- d)1 Rupee note
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The Reserve Bank of India issues all currency notes except:a)500 Rupee...
D: 1 Rupee note
The Reserve Bank of India (RBI) is responsible for issuing and distributing currency notes in India. The RBI issues notes in denominations of 1, 2, 5, 10, 20, 50, 100, 500, and 2000 rupees. The RBI does not issue the 1 rupee note, which is issued by the Government of India through the Ministry of Finance.
The 1 rupee note is the only currency note in India that is not issued by the RBI. All other currency notes in India are issued by the RBI, which is the central bank of the country. The RBI is responsible for managing the country's monetary policy, including the issuance and circulation of currency notes.
Most Upvoted Answer
The Reserve Bank of India issues all currency notes except:a)500 Rupee...
D: 1 Rupee note
The Reserve Bank of India (RBI) is responsible for issuing and distributing currency notes in India. The RBI issues notes in denominations of 1, 2, 5, 10, 20, 50, 100, 500, and 2000 rupees. The RBI does not issue the 1 rupee note, which is issued by the Government of India through the Ministry of Finance.
The 1 rupee note is the only currency note in India that is not issued by the RBI. All other currency notes in India are issued by the RBI, which is the central bank of the country. The RBI is responsible for managing the country's monetary policy, including the issuance and circulation of currency notes.
Free Test
FREE
| Start Free Test |
Community Answer
The Reserve Bank of India issues all currency notes except:a)500 Rupee...
Introduction
In India, the Reserve Bank of India (RBI) is the primary authority responsible for issuing currency notes, but there is an exception when it comes to the one-rupee note.
Currency Issuance by RBI
- The RBI issues various denominations of currency notes, including:
- 500 Rupee Note
- 100 Rupee Note
- 10 Rupee Note
- These notes are part of the legal tender in India and are issued to meet the public's demand for cash.
Exception: The One Rupee Note
- The One Rupee Note is unique because:
- It is issued by the Ministry of Finance, Government of India, rather than the RBI.
- This is specified under Section 22 of the Reserve Bank of India Act, 1934, which allows the RBI to issue currency notes except for the one-rupee note.
- The one-rupee note serves a significant role in the economy, particularly in rural areas, where it aids in daily transactions.
Conclusion
- In summary, the Reserve Bank of India is responsible for issuing most currency notes in India, but the one-rupee note is an exception, as it is issued directly by the Ministry of Finance. This distinction is crucial for understanding the structure of currency issuance in India.
In India, the Reserve Bank of India (RBI) is the primary authority responsible for issuing currency notes, but there is an exception when it comes to the one-rupee note.
Currency Issuance by RBI
- The RBI issues various denominations of currency notes, including:
- 500 Rupee Note
- 100 Rupee Note
- 10 Rupee Note
- These notes are part of the legal tender in India and are issued to meet the public's demand for cash.
Exception: The One Rupee Note
- The One Rupee Note is unique because:
- It is issued by the Ministry of Finance, Government of India, rather than the RBI.
- This is specified under Section 22 of the Reserve Bank of India Act, 1934, which allows the RBI to issue currency notes except for the one-rupee note.
- The one-rupee note serves a significant role in the economy, particularly in rural areas, where it aids in daily transactions.
Conclusion
- In summary, the Reserve Bank of India is responsible for issuing most currency notes in India, but the one-rupee note is an exception, as it is issued directly by the Ministry of Finance. This distinction is crucial for understanding the structure of currency issuance in India.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
Question Description
The Reserve Bank of India issues all currency notes except:a)500 Rupee noteb)100 Rupee Notec)10 Rupee noted)1 Rupee noteCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The Reserve Bank of India issues all currency notes except:a)500 Rupee noteb)100 Rupee Notec)10 Rupee noted)1 Rupee noteCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Reserve Bank of India issues all currency notes except:a)500 Rupee noteb)100 Rupee Notec)10 Rupee noted)1 Rupee noteCorrect answer is option 'D'. Can you explain this answer?.
The Reserve Bank of India issues all currency notes except:a)500 Rupee noteb)100 Rupee Notec)10 Rupee noted)1 Rupee noteCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The Reserve Bank of India issues all currency notes except:a)500 Rupee noteb)100 Rupee Notec)10 Rupee noted)1 Rupee noteCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Reserve Bank of India issues all currency notes except:a)500 Rupee noteb)100 Rupee Notec)10 Rupee noted)1 Rupee noteCorrect answer is option 'D'. Can you explain this answer?.
Solutions for The Reserve Bank of India issues all currency notes except:a)500 Rupee noteb)100 Rupee Notec)10 Rupee noted)1 Rupee noteCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of The Reserve Bank of India issues all currency notes except:a)500 Rupee noteb)100 Rupee Notec)10 Rupee noted)1 Rupee noteCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The Reserve Bank of India issues all currency notes except:a)500 Rupee noteb)100 Rupee Notec)10 Rupee noted)1 Rupee noteCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for The Reserve Bank of India issues all currency notes except:a)500 Rupee noteb)100 Rupee Notec)10 Rupee noted)1 Rupee noteCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of The Reserve Bank of India issues all currency notes except:a)500 Rupee noteb)100 Rupee Notec)10 Rupee noted)1 Rupee noteCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The Reserve Bank of India issues all currency notes except:a)500 Rupee noteb)100 Rupee Notec)10 Rupee noted)1 Rupee noteCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup