Which department of the RBI is responsible for issuing and managing currency in India?

Which among the following banks issues currency notes on behalf of the Central Government in India?

Which of the following is a function of the Reserve Bank of India (RBI) in the money market?  A. Issuing currency notes  B. Collecting income tax  C. Regulating stock markets  D. Conducting elections

The Reserve Bank of India (RBI) acts as the central bank of India and is responsible for:  A. Fiscal policy formulation  B. Monetary policy formulation  C. Industrial regulation  D. Foreign policy

Currency management is one of the core function of the RBI by virtue of the statutory responsibility confessed on the central bank in the preamble to the Reserve Bank of India Act 1934, which mandates it to regulate the issue of bank notes and keeping of reserve with a view to securing monetary stability in India and generally to operate the currency and credit system of the country.Under section 22 of the RBI Act , 1934, ‘Right to issue bank notes’, RBI has the sole responsibility to issue bank notes of various denominations except ,one rupee notes, which are issued by the Govt. of India. As per the coinage act 2011, govt. of India has the sole right to produce / mint coins. Although responsibility for minting coins vests with the govt. of India, coins are issued for circulation only through the RBI under the provision of Section 39 of RBI Act 1934.1.  ……… has the sole authority to mint coins in the                 Indian economy.*1 pointGovt. of IndiaState govt. of IndiaReserve Bank of IndiaBoth the RBI and Govt. of India2. Other than one rupee note, all other currency notes           bear signature of …………….*1 pointFinance minister of IndiaPresident of IndiaGovernor of RBIFinance secretaryQuestions 3 and 4 contain two statements: - Statement 1 and Statement 2. Each question has four choices (a), (b), (c) and (d), only one of which is correct. In the light of these statements, choose the most appropriate option:3. Statement 1: Revenue Deficit increases when govt.          fails to recover loans forwarded to different nations.  Statement 2: Revenue Deficit is excess of revenue              expenditure over revenue receipt.*1 pointBoth the statements are trueBoth the statements are falseStatement 1 is true and statement 2 is falseStatement 1 is false and 2 is true4. Statement 1: Capital receipts are those receipts               which lead to either reduction in assets or increase in      liabilities.   Statement 2: Disinvestment of Air India is an example       of debt creating capital receipts of the Govt. of India.*1 pointBoth the statements are trueBoth the statements are falseStatement 1 is true and statement 2 is falseStatement 1 is false and 2 is true.

Monetary policy committee has representations from RBI, Government of India and Independent MembersQuestion 9AnswerTrueFalse