| In India, the currency is issued by RBI on the basis of minimum reserve system. For this, RBI maintains a minimum reserve of Rs. 200 crore. This minimum reserve consists of gold and foreign securities. Out of this Rs. 200 crore, the value of gold must be equal to Rs. 115 crore. RBI issues currency notes in the country. However, one rupee note and all coins are issued by the Ministry of Finance (GoI). RBI issues them on behalf of government. |
| On the basis of above imaginary information, answer the following questions: |
| Who has the monopoly right of issuing currency notes in the country? |
A) Governor
B) Central Government
C) State Government
D) RBI
Correct Answer: D
Solution :
[d] RBI
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