[[1]] issues currency notes on behalf of the Central Government.

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Detailed Solution

RBI issues currency notes on behalf of the Central Government.
The Reserve Bank of India (RBI) prints banknotes on behalf of the Indian government.
According to Indian law, no other entity or person can print currency. The Reserve Bank of India is in charge of overseeing the Indian Banking System in addition to managing the supply and issuance of the Indian Rupee. The Reserve Bank of India (RBI) ensures that banks give loans to small borrowers, small-scale businesses, and small farmers, traders, and profit-making enterprises. This Reserve Bank of India (RBI) monitoring is vital since accessible, inexpensive credit is essential for the country's prosperity.

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