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The one rupee currency notes of India are issued by
1. The Ministry of Finance, Government of India
2. The Reserve Bank of India
3. The State Bank of India
4. None of the above

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Correct Answer - Option 1 : The Ministry of Finance, Government of India

The correct answer is The Ministry of Finance, Government of India.

  • Under Section 22 of the Reserve Bank of India Act, RBI has sole right to issue currency notes of various denominations except one rupee note.
  • The One Rupee note is issued by the Ministry of Finance and it bears the signatures of the Finance Secretary, while other notes bear the signature of Governor RBI.
  • It contains the words 'Bharat Sarkar', above the words 'Government of India'.
  • The newly-printed notes were first released on 5 March 2015 at Srinathji Temple, Rajasthan by Rajiv Mehrishi, Finance Secretary.
  • Once again RBI decided to issue these notes as per publication in the Official Gazette, i.e. on 7 February 2020.

  • The Reserve Bank of India (RBI) prints and manages currency in India, whereas the Indian government regulates what denominations to circulate.
  • The Indian government is solely responsible for minting coins. The RBI is permitted to print currency up to 10,000 rupee notes.
  • Mints-
    • Security Printing and Minting Corporation of India Limited (SPMCIL) comprises four mints: -
      • India Government Mint, Mumbai
      • India Government Mint, Kolkata
      • India Government Mont, Hyderabad
      • India Government Mint, Noida

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