📰 Business & Economic AwarenessNational Testing Agency

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4 chapters in syllabus order, in English and Hindi.

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From the chapter: Money, Banking and Payments — How the System Actually Works

Which of the following is NOT done by the Reserve Bank of India?

Show the answer and why

Answer: B.

Coins (and the ₹1 note) are issued by the Government of India under the Coinage Act; the RBI only distributes them. Banknotes from ₹2 upward, the lender-of-last-resort role and the management of reserves are all the RBI’s. The question is set precisely because the RBI handles coins every day, so "issues" and "distributes" are easy to blur.

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