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Who issues currency notes in India on behalf of the central government?

AUnion Finance Ministry
BNABARD head office
CReserve Bank of India
DState Bank of India
Answer & Solution
Correct answer: C. Reserve Bank of India
1. No other body may issue currency. 2. The Reserve Bank of India issues notes. 3. No one can legally refuse rupee payment. _Source: syllabus Understanding Economic Development, Chapter 3, Money and Credit._
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