Who has the sole right to issue paper currency in India?

Q. Who has the sole right to issue paper currency in India?

A. The Government of India
B. The Finance Commission
C. The Reserve Bank of India
D. The Central Bank of India

Answer: C. the Reserve Bank of India

The Reserve Bank of India has the sole right to issue paper currency in India.

The RBI Act of 1934 gives the RBI the sole right to issue bank notes.

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