Which of the following agency is responsible for issuing ₹ 1 currency note in India?

Ans – (c)

Explanation:-

As per section 22 of the Reserve Bank of India Act, the Reserve Bank of India has the sole right to issue currency notes of different denominations except 1 rupee note.

• The One Rupee note is issued by the Ministry of Finance and it has the signatures of the Finance Secretary.
• While all other denomination notes issued by RBI bear the signature of the RBI Governor.

Additional Information:-

• It contains the words ‘Bharat Sarkar’ above the words ‘Government of India’.
• The 1-rupee note was first introduced on 30 November 1917 but printing was discontinued in 1926.
• Printing then restarted in 1940 and continued until 1994, when it was stopped again due to cost-cutting measures.
• Printing resumed for a second time in 2015. 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 Gazette of India on 7 February 2020.