Question

In India, who issues the currency notes on behalf of the Central Government? (a) Reserve Bank of India (b) State Bank of India (c) Finance Minister of India (d) None

Answer 1

Answer:

a] reserve bank of

Explanation:

its as it is

Answer 2

(a) Reserve Bank of India

Explanation:

The formal credit sector is regulated by the Reserve Bank of India (RBI). Banks and cooperatives form the formal sector. The RBI controls the formal credit sector and lays down the rules and regulations for the working of the banks and cooperatives. The interest rates for loans issued and interest rates to be given for deposits are all monitored by the RBI. The RBI foresees the printing and circulation of currency in India. The government regulates what denominations to circulate.