Question

Which level of government takes the decision on introduction of a new 2000rupee notes?

Answer 1

Dear Student,

a. Decision to introduce new 2000 notes , was taken by the Central /union government
b. The Union list on which the central government can make laws includes, currency, coinage , legal tender as one of the subjects.
c. It is the Reserve bank of India which is the India's Central Bank issues currency on behalf of the central government.


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