1.

What does RBI do if a Re.1 note is issued by Government of India?

A. RBI object the issuance
B. RBI put into circulation
C. RBI converts Re.1 in to higher denomination of Rs.10 and more.
D. RBI asks banks to not to support for circulation
E. None of these
Answer» C. RBI converts Re.1 in to higher denomination of Rs.10 and more.


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