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Q.

Who issues currency notes in India?


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a

Reserve Bank of India

b

State Bank of India

c

Ministry of Finance

d

Government of India 

answer is A.

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Detailed Solution

In India, the Reserve Bank of India (RBI) has the sole authority to issue currency notes, and it does so on behalf of the government of the country. No other individual or organisation has the right to issue currency. Also, the rupee is the legal medium of exchange in India. No individual or organisation can deny payment made with a rupee to settle any transaction.
 
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