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Q.

Currency notes in India are issued by ____.


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Detailed Solution

Currency notes in India are issued by the Reserve Bank of India (RBI)
RBI is the Central Bank of the country, on behalf of the Central Government. Currency notes are legal tender for payment; no individual or company can refuse to accept them for settling transactions in India. Vendors cannot legally deny payments made through currency notes. Indian law also forbids any individual or organization from issuing or printing currency notes. In the form of rupees, currency notes are widely accepted as a medium of exchange in India.
 
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