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Money and Types of Money · UPSC CDS/OTA · Question 6 of 90

Money and Types of Money: Q₆. In India, which authority issues fiat money?

Step-by-step solution. Money and Types of Money for UPSC CDS/OTA.

Topic
Money and Types of Money
Subject
General Studies
Difficulty
Easy
Solve Time
45-60 sec

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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
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Q₆. In India, which authority issues fiat money? - Money and Types of Money (General Studies) Solved Question