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Which of the following organizations is responsible for issuing currency notes in India?
Ministry of Finance
Reserve Bank of India (RBI)
Securities and Exchange Board of India (SEBI)
Small Industries Development Bank of India (SIDBI)
None of the above
The Reserve Bank of India (RBI) is responsible for issuing currency notes in India. As India's central bank, the RBI has the sole authority to issue and manage currency notes and coins in the country. It determines the denominations, designs, security features, and overall supply of currency notes based on the country's monetary requirements, economic conditions, and security considerations. The RBI's currency management function also includes the circulation, distribution, withdrawal, and destruction of currency notes to maintain the integrity and efficiency of the currency system and prevent counterfeiting and currency-related crimes.
By: shalini dhiman ProfileResourcesReport error
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