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Question
Which of the following statements are true?
- The Reserve Bank of India is the central bank of the country.
- All currency notes (except one rupee note) bear the signature of Governor, RBI.
- The objective of the Reserve Bank of India is to earn profit.
Options
Only (i) and (ii)
Only (i) and (iii)
Only (ii) and (iii)
All of the above
Solution
Only (i) and (ii)
Explanation:
- Statement (i): True. The Reserve Bank of India (RBI) is the country's central bank.
- Statement (ii): True. All currency notes (save the one rupee note) contain the signature of the Reserve Bank of India's Governor. The Finance Secretary signs the one rupee note.
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