Interested to Buy Any Domain ? << Click Here >> for more details...
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?
- 10 Answers
- 69290 Views
- College School Exams Tests, Tisco, I also Faced
- E-Mail Answers
Answer Posted / hari sankar
Under the Coinage Act 2011 only the Central Govt has the authority to mint coins up to a denomination of Rs.1000.00 Sec 4 of the Act definition of coins in the Act makes it clear that Govt. of India one rupee note is included in the definition of coins. Hence one rupee notes are issued by the Govt and not by RBI and is thefore signed by the Secretary,, Ministry of Finance, Govt of India
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
What are Non Performing Assets? How can they be reduced?
Name the majority stack subsidiary of rbi.
What precautions should be taken before using ratio analysis as a technique for interpretation of financial statements?
What Should I Do If I Discover That I Forgot To List A Creditor In The Bankruptcy Schedules?
If given a chance to improve the economic situation of the country, what are the various initiatives you will take?
What is overdraft?
What is wma and what does it signifies?
What according to you India should do to increase its exports?
How to get registered through e-application?
Is California Chapter 13 Bankruptcy (reorganization) Right For Me?
What Is Investment Management System?
WHY RISK MANAGEMENT/GENERAL INSURANCE/LIFE INSURANCE?
What are the departments in RBI?
Define Banking and what are the other services provided by the banks?
What are the destinations of LIC?
