Who holds the sole right to issue bank notes in India?
AThe Branch
BThe Bank
CThe Board
DThe Bureau
Answer & Solution
Correct answer: B. The Bank
1. The right is conferred by the Act itself.
2. No other body may print bank notes.
3. It rests solely with the Reserve Bank.
_Source: The Reserve Bank of India Act, 1934 (India Code)_
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