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WBCS Main Examination 2023 — Paper V: Indian Constitution and Economy · Question 164 of 200

Q164
Indian EconomyMoney, Banking & Financial Institutions
Which of the following issues currency notes above denomination of one rupee note?
  1. a.Union Finance Ministry
  2. b.Reserve Bank of India
  3. c.State Bank of India
  4. d.Union Commerce and Industry Ministry

Answer: (B) Reserve Bank of India

Under section 22 of the RBI Act the Reserve Bank has the sole right to issue bank notes; the one-rupee note and coins are issued by the Government of India (Ministry of Finance). SBI and the Commerce Ministry issue no currency.

Q163 Whole paperQ165