alleryIn India, who issues currency notes?
ARegional Bank
BRegistered Bank
CReserve Bank
DRevenue Bank
Answer & Solution
Correct answer: C. Reserve Bank
1. It acts on behalf of the central government.
2. No other body may issue currency.
3. It is the Reserve Bank of India.
_Source: syllabus Social Science, 'Understanding Economic Development', Ch 3 'Money and Credit'_
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