Discuss in detail salient features of Reserve Bank of India, Act, 1934

Question

06 Feb 2021

Answer :

Word Count : 331

Features of Reserve Bank of India, Act, 1934 are :

1. Issue of Bank Notes:

The Reserve Bank of India has the sole right to issue currency notes except one rupee notes which are issued by the Ministry of Finance. Currency notes issued by the Reserve Bank are declared unlimited legal tender throughout the country.

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