Which bank issues notes on behalf of Government?

SBI

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ICICI

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RBI

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HDFC

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Solution

The correct option is D RBI
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 mints One Rupee coins.
Monetary policy (Money supply system) is regulated by the RBI.
The correct answer is C.

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Who issues currency notes on behalf of the Government?

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