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SSC GD 2023 PYQ — Question 27

SSC GD Constable (English) - 11 Jan 2023 - Shift 4 • General Awareness • Q27

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The __________ has the sole authority to issue banknotes in India.

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Correct answer: D

Explanation

The correct answer is option 4 i.e. Reserve bank of India

  • The Reserve Bank of India (RBI) has the sole authority to issue banknotes in India.
  • The RBI is the central banking institution of India, and it is responsible for issuing and managing the currency in the country.
  • It regulates and controls the issuance and circulation of currency notes and coins, ensuring their security and integrity.
  • The RBI plays a crucial role in maintaining the stability of the Indian rupee and managing the monetary policy of the country.
  • It is the sole authority for designing, producing, and distributing currency notes in various denominations.