question_answer

      Consider the following statements:

1. Banknotes in India are currently being issued in the denomination of Rs. 10 Rs. 20 Rs. 50 Rs. 100 Rs. 500 and 2000. These notes are called banknotes as they are issued by the Reserve Bank of India (Reserve Bank).

2. The printing of notes in the denominations of Rs. 1, Rs. 2 and Rs. 5 has been discontinued as The process is expensive these denominations have been discontinued as

3. However such banknotes issued earlier can still be found in circulation and these banknotes continue to be legal tender.

Select the correct answer using the codes given below:

A) Only 1 & 2                   

B) Only 2 & 3

C) Only 1 & 3       

D) All of the above.