Which among the following banks issues currency notes on behalf of the Central Government in India?
Question
Solution 1
The Reserve Bank of India (RBI) issues currency notes on behalf of the Central Government in India. Here are the steps explaining the process:
- The Reserve Bank of India Act, 1934 gives the RBI the sole right to issue currency notes.
- The RBI prints notes based on an estimate of the demand for Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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