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Who is responsible for printing the ₹1 note and related coins?

AReserve Bank of India

BMinistry of Finance

CState Bank of India

DSEBI

Answer:

B. Ministry of Finance

Read Explanation:

  • The Ministry of Finance has the responsibility for printing ₹1 notes

  • The Government of India mints coins through its mints

  • While the Reserve Bank of India (RBI) prints all other currency notes (₹2 and above), the ₹1 note is specifically under the Ministry of Finance's jurisdiction



Related Questions:

The Reserve Bank of India Act was passed in which year?

Match the bank type with its primary focus

RRBs

Small-Scale Industry Development

EXIM Bank

Regional Banking Services

SIDBI

Agricultural and Rural Development

NABARD

Export and Import Financing

Arrange the events in ascending order :

  1. Nationalization of 14 commercial banks
  2. Establishment of National Bank for Agriculture and Rural Development (NABARD)
  3. Establishment of Industrial Development Bank of India (IDBI) 
  4. Nationalization of 6 commercial banks 

 

With which bank did the State Bank of Travancore merge?
Which among the following committees recommended the merger of Regional Rural Banks with their respective Sponsor Banks?