A) Independently by Ministry of Finance
B) With Mutual Consultation of RBI and Ministry of Finance
C) Independently by Government of India
D) Committee of Bank Heads
E) With Mutual Consultation of Government of India and Bank Heads
Correct Answer: B
Solution :
The Reserve Bank based on the demand requirement indicates the volume and value of banknotes to be printed each year to the Government of India which get finalized after mutual consultation. The quantum of banknotes to be printed, broadly depends on the requirement for meeting the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.
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