RBI can issue currency notes up to which denomination?

2000

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1000

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5000

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10000

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Solution

The correct option is B 10000
RBI can issue any note of any denomination but NOT exceeding Rs. 10,000. The notes denomination is notified by Government and RBI acts accordingly. Under Section 22 of the Reserve Bank of India Act, RBI has sole right to issue currency notes of various denominations except one rupee notes.

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