Discussion
Who prints and supplies the currency notes in India ?
Answer: C
The answer is the Reserve Bank of India.
Under Section 22 of the Reserve Bank of India Act, 1934, the RBI has the sole right to issue bank notes in India; the one-rupee note and coins are issued by the Government of India and distributed through the RBI. The notes are printed at four presses, two run by the government's Security Printing and Minting Corporation and two by an RBI subsidiary, and the RBI puts them into circulation.
The State Bank of India, United Bank of India and United Commercial Bank (UCO Bank) are commercial banks. They distribute notes to the public through their branches but have no power to issue currency.
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