Discussion
Provisions regarding Right to issue bank notes have been discussed in which Section of The Reserve Bank of India Act1934?
Answer: A
The right to issue bank notes is given by Section 22 of the Reserve Bank of India Act, 1934: the Bank has the sole right to issue bank notes in India, for a period fixed by the Central Government, and it may also issue currency notes of the Government of India.
The other sections are different provisions of the same Act, dealing with other aspects of the Issue Department and the Bank's functions, and not with the grant of the sole right to issue notes.
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