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Question
In the Indian economy, ______ are issued by the Reserve Bank of India and acts as legal tender money.
- Coins of all denomination
- Currency notes of various denominations, except one rupee note
- Demand deposits
Options
Only (i)
Only (ii)
Only (iii)
(i) and (ii)
Solution
Only (ii)
Explanation:
Currency Notes of all denominations except One Rupee Note are issued by Reserve Bank of India (RBI). Coins of all denominations and One Rupee note are issued by Finance Ministry of Government of India.
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