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Q.

[[1]] issues currency on behalf of the central government.


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Detailed Solution

In India, the currency is issued by the Reserve Bank of India on behalf of the central government. Modern types of money consist of paper notes and coins. The paper notes issued by the Reserve Bank of India are in the denominations of Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500, and Rs 2000. These paper notes are signed by the governor of the Reserve Bank of India. The Reserve Bank of India also plays a significant role in managing currency.
   
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[[1]] issues currency on behalf of the central government.