Political Science, asked by hayazhaaz3984, 1 year ago

Why in one rupee note have signature of finance minister?

Answers

Answered by prashant247
0

Explanation:

One rupee note is signed by the finance secretary of India and it does not have the words " I promise to pay the bearer" since it is already an asset as it is considered as a coin.

Answered by deepsen640
0

Explanation:

Reasons: RBI as per section 24 of the RBI Act, 1934, is not empowered to issue bank note of denomination one rupee. ... Moreover,One rupee note is signed by the finance secretary of India and it does not have the words " I promise to pay the bearer" since it is already an asset as it is considered as a coin.

Similar questions