Chapter 3

NCERT
Class 10
Economics
Solutions
4. Look at a 10 rupee note. What is written on top? Can you explain this statement?

Question:

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

Answer:

It is written on the top of the ten rupee note - Reserve Bank of India. This means that the Reserve Bank of India issues currency notes on behalf of the Central Government. According to Indian law, no person or institution is allowed to issue currency. In addition, the law legalizes the use of rupees as a medium of exchange. Rupee cannot be refused for payment in transactions in India.

Buy Latest Books

Teacher's Corner