| In India the Central Bank (RBI) has the monopoly right of note issue. RBI issues promissory notes in the country. Each promissory note is a legal tender and contains the words I promise to pay the bearer the sum of Rs. .......... and is signed by the Governor of RBI. The face value of each promissory note is higher than its commodity value. |
| On the basis of above imaginary information answer the following questions: |
| Paper currency notes of denominations (Rs.) 2, 5, 10, 20, 100, 200, 500 and 2000 are signed by: |
A) Prime Minister
B) Mahatma Gandhi
C) President
D) Governor of RBI
Correct Answer: D
Solution :
[d] Governor of RBI
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