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Question
Bank having power of note issue in India is ______.
Options
State Bank of India
Reserve Bank of India
Canara Bank
Federal bank
MCQ
Fill in the Blanks
Solution
Bank having power of note issue in India is Reserve Bank of India.
Explanation:
The country's currency notes are issued only by the central bank. Reserve Bank of India is India's central bank.
shaalaa.com
Central Bank: Functions
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