What institution issues currency in India?

Commercial banks

RBI

Government of India

International Monetary Fund

Reviewed & Verified by Edzy Expert

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

Answer and Solution

B. RBI

The Reserve Bank of India (RBI) is responsible for issuing currency notes on behalf of the central government.

Watch Video Solution

Keep Practising

Students who asked this also explored

Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

How do demand deposits enhance the utility of money?

What was a significant effect of demonetisation in India in 2016?

Which of the following describes an ATM card?

What type of money is represented by mobile payment apps?