Question

Which department of RBI is responsible for printing and issuing currency notes?

• A. Banking Department
• B. Issue Department
• C. Currency Management Department
• D. Financial Markets Department

Answer 1

Answer:

B. Issue Department

The Issue Department of RBI handles the issuance of banknotes, maintains minimum reserves of gold and approved securities, and ensures adequate supply of currency in the economy. It is separate from the Banking Department, which manages banking operations.