wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Who authorises the Indian currency?

A
Prime Minister of India
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
World Bank
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Reserve Bank of India
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Government of India
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D Government of India
The currency we use today, the Indian rupee, is accepted as a medium of exchange throughout the country. The Reserve Bank of India issues the currency. However, the currency is authorised by the Government of India. Therefore, the RBI issues the currency on behalf of the government.

flag
Suggest Corrections
thumbs-up
2
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Modern Currency
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon