Multiple Choice Questions on One rupee notes and coins are issued by ........ for IBPS (PO/SO) Preparation

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    One rupee notes and coins are issued by

    Reserve Bank of India

    Incorrect Answer

    State Bank of India on behalf of Government of India

    Incorrect Answer

    Government of India

    Correct Answer

    Finance Minister of Central Government

    Incorrect Answer

    None of the above

    Incorrect Answer
    Explanation:

    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.


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