Question

Which of the following was the first paper currency issued by RBI?

• A. Rs 1 Note
• B. Rs 2 Note
• C. Rs 5 Note
• D. Rs 100 Note
• E. None of the above

Answer 1

The correct option is C Rs 5 Note

The Rs 5 note was the first paper currency issued by RBI in January 1938. The Reserve Bank of India (RBI) is India’s central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.