- RBI is the sole authority for issuing currency notes in India. - This power is granted by the RBI Act, 1934. - One-rupee notes and coins are issued by the Ministry of Finance, Government of India. - However, the question asks about "currency notes" generally and "exclusive power", which primarily refers to notes above one rupee issued by the RBI.
Exclusive power to issue currency notes lies with _______
Asked in WBCS Main Paper 5 2021 · Topic: Money & Banking (Reserve Bank of India (RBI): Role, Functions, and Autonomy)
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