One rupee note: Printing & signing - General Economics & Indian Economy
Q. Consider the following statements
1. GOI will print one rupee note with signature of RBI governor
2. It was discontinued in 1990.
3. The Government of India has the sole right to mint coins of all denominations.
4. While RBI has the authority to issue bank notes of denominational values of Rs. 1 ,Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500, Rs. 1,000, Rs. 5,000 and Rs. 10,000
Which of the above statements are not correct?- Published on 30 Apr 15a. 1,3,4
b. 1,2,4
c. 1,2
d. All
ANSWER: 1,2,4
Government of India will restart printing 1 rupee note, with bilingual signature of the finance Secretary Rajiv Mehrishi,under coinage act 2011.
It was discontinued in 1994.The one rupee note was printed and issued by the central government and circulated by RBI.
