what is difference between one rupee note and other note about the denomination two
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RBI as per section 24 of the RBI Act, 1934, is not empowered to issue bank note of denomination one rupee. ... On the other hand a 1000 rupee note is signed by the RBI governor and it says,"I promise to pay the bearer a sum of Rs. 1000." Hence RBI notes which are a liability promises to pay you an asset.
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one rupee note is not printed by RBI(reserve bank of India) while all other notes or currencies are printed by thi.
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