Question

As per the newspaper reports, the RBI is planning to introduce "Plastic Currency Notes". What is/are the benefits of "Plastic Notes"?
A. Their shelflife will be longer.
B. It will replace plastic money or credit, debit cards which are giving birth to many fraudulent practices.
C. Printing will be cheaper.

• A. Only (C)
• B. Only (B)
• C. Only (A)
• D. All (A), (B) and (C)

Answer 1

The correct option is C Only (A)

Reserve Bank of India has the sole authority to issue notes. Recently, it introduced Plastic Currency notes as the shelflife will be longer. Plastic notes are made from a polymer.