The bank that issues notes on behalf of the government is the _________.

State Bank of India

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Reserve Bank of India

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Punjab National Bank

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Bank of Baroda .

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Solution

The correct option is B Reserve Bank of India
RBI is the central bank of India
RBI prints and circulates paper currency and coins except One Rupee coins on behalf of Government of India.
Finance Ministry prints One Rupee Coins.
Monetary policy (Money supply system) is regulated by RBI

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Similar questions

Q. Which bank issues notes on behalf of Government?

Q. The Reserve Bank of India issues notes and coins on behalf of the state banks.

Question 106

In a distrinct, the number of branches of different banks is given below :
$\begin{matrix} B a n k & S t a t e B a n k o f I n d i a & B a n k o f B a r o d a & P u n j a b N a t i o n a l B a n k & C a n a r a B a n k N u m b e r o f b r a n c h e s & 30 & 17 & 15 & 10 \end{matrix}$
Draw a pie chart for this data.

Q. State with reasons whether you agree or disagree with the following statements.

1. Central Bank is the Bank of Issue.
2. A co-operative bank acts as a lender of the last resort.
3. Credit control is the function of the Central Bank of the country.
4. Central Bank is a profit-making institution.
5. Central Bank having monopoly of note issue is most appropriate institute of the government.

Explain "Note Issue" function of central bank.

Explain "Banker to the government" function of central bank.

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The bank that issues notes on behalf of the government is the _________.

The correct option is B Reserve Bank of IndiaRBI is the central bank of India RBI prints and circulates paper currency and coins except One Rupee coins on behalf of Government of India.Finance Ministry prints One Rupee Coins.Monetary policy (Money supply system) is regulated by RBI

The correct option is B Reserve Bank of India
RBI is the central bank of India
RBI prints and circulates paper currency and coins except One Rupee coins on behalf of Government of India.
Finance Ministry prints One Rupee Coins.
Monetary policy (Money supply system) is regulated by RBI