Question : The ___________ is responsible for the issue and supply of currency notes in India.
Option 1: Government of India
Option 2: Reserve Bank of India (RBI)
Option 3: Ministry of Finance
Option 4: State Bank of India (SBI)
Correct Answer: Reserve Bank of India (RBI)
Solution : The correct answer is (b) Reserve Bank of India (RBI).
The Reserve Bank of India (RBI) is responsible for the issue and supply of currency notes in India. As the central bank of the country, the RBI has the authority to issue and manage currency in India. It is responsible for designing, printing, distributing, and managing the supply of currency notes and coins throughout the country. The RBI plays a crucial role in ensuring an adequate supply of currency to meet the demand of the economy and maintains the integrity and security of the currency in circulation. The government of India (option a) and the Ministry of Finance (option c) have oversight and policy-making roles in relation to the currency, but the actual issuance and supply of currency notes are handled by the RBI. The State Bank of India (SBI) (option d) is a commercial bank operating in India and is not responsible for issuing currency notes.
College Comparison based on Courses, Placement, Rank, Fee
Question : The ___________ is the highest monetary authority in the country.
Option 1: Ministry of Finance
Option 3: State Bank of India (SBI)
Option 4: Central Government
Question : In India, _____fixes the Cash Reserve Ratio(CRR) for the banks in the economy.
Option 1: Reserve Bank of India
Option 2: Ministry of Finance
Option 3: Ministry of External Affairs
Option 4: State Bank of India
Question : The Economic Survey of India is prepared by the:
Option 3: Planning Commission of India
Option 4: Ministry of Commerce and Industry
Question : The central bank of India is ___________.
Option 1: Reserve Bank of India (RBI)
Option 2: State Bank of India (SBI)
Option 3: Punjab National Bank (PNB)
Option 4: ICICI Bank
Question : Which agency of the Indian government conducts the National Sample Survey on employment?
Option 3: Ministry of Statistics and Programme Implementation
Option 4: Planning Commission of India
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile