One rupee notes and coins are issued by
Reserve Bank of India
Incorrect AnswerState Bank of India on behalf of Government of India
Incorrect AnswerGovernment of India
Correct AnswerFinance Minister of Central Government
Incorrect AnswerNone of the above
Incorrect AnswerExplanation:
Correct Option: 3: Government of India
Explanation:
The one rupee notes and coins are issued directly by the Government of India under the Coinage Act, 2011. This is different from other currency notes, which are issued by the Reserve Bank of India (RBI).
Key Points:
-
Issuance Authority:
- While the RBI issues other currency notes on behalf of the central government, one rupee notes and coins are issued by the Ministry of Finance, Government of India.
- These notes and coins bear the signature of the Finance Secretary, not the Governor of RBI.
-
Reason for Distinction:
- The one-rupee note is considered a "coin" and falls under the purview of the Government of India rather than the RBI.
This is why Option 3 is correct.
By: santosh ProfileResourcesReport error