Who issued coins and one rupee note?

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Government of India

RBI

Commercial banks of India

Ministry of Finance

answer is B.

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Detailed Solution

The Reserve Bank of India issues notes on behalf of the government of India.
It has the power to issue currency and notes under the RBI Act 1935, except coins and one rupee note, which the Ministry of Finance issues. The Governor of the RBI signed the currency notes except one rupee note. Hence, the RBI is responsible for printing and managing currency in India. It has sole authority over issuing currency notes, which aids in the production of uniform currency notes and in, controlling the money supply and combating inflation and deflation. It also builds trust among the citizens of the country.

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