why one rupee note is signed by the ministry of finance? is
governer has the right to sign this note? is there any
interference by the RBI?
Answer Posted / mohammed.k
The one rupee notes are printed by the government of India and signed by the Ministry of finance as the cost of printing one rupee note is "1.14rs" and not 1rs. And so as its cost is more than its value and also its need is important it is printed by the the government of India and signed by ministry of finance.
| Is This Answer Correct ? | 1 Yes | 12 No |
Post New Answer View All Answers
What is indemnity?
What is marginal standing facility (msf)?
What Ach Stands For?
Tell about fiscal Deficit and budgetary deficit?
Tell about NITI Aayog and its functions?
Are you ready to work in rural place?
What is the difference between Repo Rate and Reverse Repo Rate?
What are your strengths and weaknesses? How will you overcome your weakness?
What is capm?
What are the rules and regulations of RRBs?
Give one point of difference between debit card and the credit card?
What do you mean by return on assets?
In how many parts 'non-tax revenue' is divided?
What is Underwriting Commission?
What are the features of debentures?