WBCS.LIVE practice question

The one rupee currency notes of India are issued by

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

Answer options

  1. The Ministry of Finance, Govt. of India
  2. The Reserve Bank of India
  3. The State Bank of India
  4. None of the above

Correct answer and explanation

Correct answer: The Ministry of Finance, Govt. of India

Explanation: āœ… Correct Answer: A) The Ministry of Finance, Govt. of India šŸ“š Explanation: While all other currency notes in India are issued by the RBI, the one-rupee note is unique because it is issued directly by the Ministry of Finance. Consequently, it bears the signature of the Finance Secretary rather than the RBI Governor. This is a traditional practice dating back to the colonial era.