SSC Sample Paper SSC (Group-C) Sample Test Paper-5

  • question_answer
    The Reserve Bank of India has the

    A)  Rs. 10,000/ Rs.10,000

    B)  Rs. 5,000 / Rs. 5,000

    C)  Rs.15,000/ Rs.15,000

    D)  Rs. 1,000 / Rs. 1,000

    Correct Answer: A

    Solution :

     The RBI has the powers to print currency notes of up to Rs 10.000 denomination. But, an amendment to the Reserve Bank of India Act, 1934 will be needed if any note of higher denomination has to be printed. At present, notes of Rs 10; Rs 100; Rs 500; and Rs 1.000 are only printed.


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