alleryIn India, the authority that issues currency notes and coins is the:
AMinistry of Finance, Government of India
BState Bank of India and other public banks
CReserve Bank of India (RBI)
DAll commercial banks together as a consortium
Answer & Solution
Correct answer: C. Reserve Bank of India (RBI)
The Reserve Bank of India (RBI) is the sole authority issuing currency notes and coins in India.
Rupees are legal tender; no one can refuse them in payment.
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