alleryCurrency notes in India are issued by
AState Bank of India
BReserve Bank of India
CFinance Ministry directly
DIndian Mint
Answer & Solution
Correct answer: B. Reserve Bank of India
1. RBI is the central bank and is solely authorised to issue currency notes in India.
2. It acts on behalf of the central government.
3. Coins are minted at the Indian Mint.
_Source: syllabus Understanding Economic Development, Ch 3 "Money and Credit"_
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