Look at a 10 rupee note. What is written on top? Can you explain this statement?
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A ten rupee note has Reserve Bank of India written at the top along with a statement guaranteed by the central government following it. It is a promissory note and can only be issued by the Reserve Bank of India which supervises all money-related functions in the formal sector in India.
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Explanation:
on the top of 10 rupee note " Reserve Bank of India ,Guaranteed by the central Government is written ." it implies that the notes are issued by reserve Bank of India on behalf of the central Government.
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