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Which of the following agency is responsible for issuing ?1 currency notes in India?
Reserve Bank of India
Ministry of Commerce
Ministry of finance
Niti Aayog
- Option 1: Reserve Bank of India (RBI)
- The RBI issues currency notes in India, except for the ?1 note. This is because the RBI handles denominations above ?1.
- Option 2: Ministry of Commerce
- This ministry is not involved in issuing currency notes. It focuses on commerce-related policies and international trade.
- Option 3: Ministry of Finance
- Responsible for issuing ?1 currency notes. This is because the ?1 note is considered a coin under the Coinage Act and is issued by the central government, hence the Ministry of Finance.
- Correct Answer
- Option 4: Niti Aayog
- This is a policy think tank of the Government of India, not involved in currency issuance.
By: santosh ProfileResourcesReport error
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