10th Class Social Science Money and Credit Question Bank 10th CBSE Social Science Money and Credit

  • question_answer   Look at a ? 10 note. What is written on top? Can you explain this statement?  

    Answer:

                      The following words are written on the top of a Rs. 10 note Reserve Bank of India Guaranteed by the Central Government I promise to pay the bearer the sum of Ten Rupees Governor A Rs. 10 note is acceptable as a medium of exchange because this is authorised by the government of the country. In India, the Reserve Bank of India issues currency notes on behalf of the Central Government. As per Indian law, no other individual or organisation is allowed to issue currency.


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