MCQOPTIONS
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| 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. | |