Question

Which bank enjoys monopoly power of Note issue?

(i) NABARD

(ii) Commercial Bank

(iii) Central Bank

(iv) None of these

Answer 1

Answer:

option 3

Explanation:

central banks

Central bank has monopoly rights of issuing notes of all denominations. This is called currency authority function of central banks. All notes issued by central bank acts as an unlimited legal tender in the country.

Answer 2

Answer:

hey friend your answer is option 3 central bank