Question

Look at a 10 rupee note. What is written on top? Can you explain this statement?

Answer 1

On top of a 10 rupee note, one can see the following written:

• Reserve Bank of India
• Guaranteed by Central Government

One can understand the following from the above observations:

• On behalf of the central government, the Reserve Bank of India issues currency notes
• It is widely accepted as a medium of exchange.
• A payment made using the 10 Rupees note, cannot be legally refused by any individual in India.
• While settling transactions in India, 10 Rupees notes can be used as a medium of exchange as per law.
• No other organisation or individual is allowed to issue currency.

Other informations that can observed on a 10 Rupee note are given below:

• Signature and a statement (in Hindi and English) of the Governor of Reserve Bank of India (RBI).
• Logo of Reserve Bank of India.
• Ashoka Emblem.
• Photo of Father of Nation – Mahatma Gandhi.
• In some Rs 10 notes, a photo of Sun Temple, Konark can be seen.
• In some Rs 10 notes, a photo of an elephant and tiger can be seen.
• One can observe 10 rupees written in 15 different languages.