Who Issues Currency Notes and Coins in India?
Normally Coins are issued by Govt of India
and
Currency Notes are issued by RBI
Exception
Rs 1 Currency note is issued by Govt of India (and not RBI)
Multiple Choice Questions
Which of the following statements is/are correct:
- Rs1 note is issued by the RBI.
- Coins are issued by the Government of India.
- Both statements are true.
- Both statements are false.
View answer
Ans
(b) Coins are issued by the Government of India.
Explanation
Coins in India are issued by the Government of India.