Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

In India, who issues currency notes on behalf of the "Central government"?

Options:

State Bank of India

Any Nationalised bank authorised for the purpose

Reserve Bank of India

Security Exchange Board of India

Correct Answer:

Reserve Bank of India

Explanation:

In India, the Reserve Bank of India issues currency notes on behalf of the central government. As per Indian law, no other individual or organisation is allowed to issue currency.