NCERT · Class 10 · Social Science · Economics: Money and CreditWho issues currency notes in India on behalf of the Central Government?
Step-by-Step Solution
The Reserve Bank of India (RBI) issues currency notes on behalf of the central government in India as per Indian law.
Detailed Options Breakdown
Option : State Bank of India
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Money and Credit.
Option 1: Reserve Bank of India (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Commercial Banks
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Money and Credit.
Option 3: Ministry of Finance
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Money and Credit.
💡 Study Guide: This question tests core syllabus concepts from Economics: Money and Credit. For formulas, key summaries, and mock exam reference guides, read the full Economics: Money and Credit Revision Notes.