Question

Which of the following agency is responsible for using Rs. 1 currency note in India?

• A. Reserve Bank of India
• B. Ministry of Finance
• C. Ministry of Commerce
• D. Niti Ayog

Hint:

The Reserve Bank of India is responsible for issuing all denominations of currency, including Rs. 1 notes.

Answer 1

The Correct Option is A

Step 1: Identifying the responsible agency.
In India, the Reserve Bank of India (RBI) is responsible for issuing currency notes. The Ministry of Finance oversees the overall economic policy, but the actual issuance of currency is the responsibility of the RBI.

Step 2: Conclusion.
Thus, the correct answer is option (1) Reserve Bank of India.