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Question -

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



Answer -

“Reserve Bank of India” and “Guaranteed by the Central Government” is written on the top of a 10 rupee note. Currency in India is issued by the central bank of the country, in the case of India, the Reserve Bank of India is the central bank of the country. This currency is issued on behalf of the central government, and these two are the only authorities which are responsible for issuing notes and currency in India.

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