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Sources of Modern India

The Reserve B...

Question

The Reserve Bank of India issues coins and notes of various denominations. At present RBI does not issue coins of which of the following denominations?

A

1.00 rupee

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B

20 paise

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C

25 paise

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D

All of the above

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Solution

The correct option is B All of the above
RBI is the central bank of India. It has the sole authority to issue coins and notes but it does not issue coins of the following denominations: rupee 1, 20 paisa and 25 paisa.

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