WBCS.LIVE practice question

The 100 Rupee Currency Note in India is signed by

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Governor, Reserve Bank of India
  2. Secretary, Ministry of Finance
  3. Finance Minister of India
  4. Prime Minister of India

Correct answer and explanation

Correct answer: Governor, Reserve Bank of India

Explanation: āœ… Correct Answer: A) Governor, Reserve Bank of India šŸ“š Explanation: All Indian currency notes, starting from the 2 rupee note up to the 2000 rupee note, bear the signature of the Governor of the Reserve Bank of India. This signifies the bank's promise to pay the value of the note to the bearer. The only exception is the 1 rupee note, which is issued by the Ministry of Finance and signed by the Finance Secretary. This distribution of authority is a traditional part of India's monetary policy.