Solved UPSC CDS/OTA Question
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Q · Money and Types of MoneyEasy · 45s
Q₆. In India, which authority issues fiat money?
TopicMoney and Types of Money
Question Typemultiple choice
DifficultyEasy
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
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RBI issues currency notes (fiat money) under the RBI Act, 1934, except for one rupee notes and coins, which are issued by the Ministry of Finance.
Final Answer: Option B — Reserve Bank of India