Class 10 Exam > Class 10 Questions > In the question given below, there are two s...
Start Learning for Free
In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :
Assertion (A) : No individual or organisation is allowed to issue currency notes in India.
Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.
- a)Both (A) and (R) are true and (R) is the correct explanation of (A).
- b)Both (A) and (R) are true but (R) is not the correct explanation of (A).
- c)(A) is correct but (R) is wrong.
- d)(A) is wrong but (R) is correct.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
In the question given below, there are two statements marked as Asser...
In India, the Reserve Bank of India issues currency notes on behalf of the Central Government. As per Indian Law, no other individual or organization is allowed to issue currency.
Free Test
FREE
| Start Free Test |
Community Answer
In the question given below, there are two statements marked as Asser...
Assertion (A): No individual or organisation is allowed to issue currency notes in India.
Reason (R): In India, only RBI issues currency notes on behalf of the Central Government.
The correct answer is option (a) Both (A) and (R) are true and (R) is the correct explanation of (A).
Explanation:
Introduction:
Currency notes play a crucial role in the economy of a country. They are issued by the central bank or monetary authority of a country and are considered as legal tender. In India, the Reserve Bank of India (RBI) is responsible for the issuance and management of currency notes.
Explanation of Assertion (A):
The assertion states that no individual or organization is allowed to issue currency notes in India. This statement is true. Currency notes are the liability of the central bank and are issued by the central bank on behalf of the government. In India, the RBI has the sole authority to issue currency notes.
Explanation of Reason (R):
The reason states that in India, only RBI issues currency notes on behalf of the Central Government. This statement is also true. The RBI is the central bank of India and has been given the authority to issue and manage currency notes. It acts as the banker to the government and carries out various functions related to currency management, including the issuance of currency notes.
Explanation of the Correct Answer:
Option (a) states that both the assertion and reason are true and that the reason is the correct explanation of the assertion. This is the correct answer. The assertion correctly states that no individual or organization is allowed to issue currency notes in India, and the reason provides the explanation that the RBI is the only authorized entity to issue currency notes on behalf of the Central Government.
Conclusion:
In conclusion, the Reserve Bank of India (RBI) has the sole authority to issue currency notes in India on behalf of the Central Government. No other individual or organization is allowed to issue currency notes. This system ensures the integrity and stability of the currency in the country.
Reason (R): In India, only RBI issues currency notes on behalf of the Central Government.
The correct answer is option (a) Both (A) and (R) are true and (R) is the correct explanation of (A).
Explanation:
Introduction:
Currency notes play a crucial role in the economy of a country. They are issued by the central bank or monetary authority of a country and are considered as legal tender. In India, the Reserve Bank of India (RBI) is responsible for the issuance and management of currency notes.
Explanation of Assertion (A):
The assertion states that no individual or organization is allowed to issue currency notes in India. This statement is true. Currency notes are the liability of the central bank and are issued by the central bank on behalf of the government. In India, the RBI has the sole authority to issue currency notes.
Explanation of Reason (R):
The reason states that in India, only RBI issues currency notes on behalf of the Central Government. This statement is also true. The RBI is the central bank of India and has been given the authority to issue and manage currency notes. It acts as the banker to the government and carries out various functions related to currency management, including the issuance of currency notes.
Explanation of the Correct Answer:
Option (a) states that both the assertion and reason are true and that the reason is the correct explanation of the assertion. This is the correct answer. The assertion correctly states that no individual or organization is allowed to issue currency notes in India, and the reason provides the explanation that the RBI is the only authorized entity to issue currency notes on behalf of the Central Government.
Conclusion:
In conclusion, the Reserve Bank of India (RBI) has the sole authority to issue currency notes in India on behalf of the Central Government. No other individual or organization is allowed to issue currency notes. This system ensures the integrity and stability of the currency in the country.
|
Explore Courses for Class 10 exam
|
|
Similar Class 10 Doubts
Top Courses for Class 10View all
In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer?
Question Description
In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer?.
In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer?.
Solutions for In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10.
Download more important topics, notes, lectures and mock test series for Class 10 Exam by signing up for free.
Here you can find the meaning of In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option :Assertion (A) : No individual or organisation is allowed to issue currency notes in India.Reason (R) : In India, only RBI issues currency notes on behalf of the Central Government.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 10 tests.
|
|
Explore Courses for Class 10 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