Consider the following statements about currency in India: 1. The Reserve Bank of India has the sole right to issue banknotes under Section 22 of the RBI Act, 1934. 2. The Reserve Bank of India mints the country's coins. 3. The one-rupee note is issued by the Government of India. Which of the statements given above is/are correct?

1 and 3 only. Statements 1 and 3 are correct. Section 22 gives the RBI the sole right to issue banknotes. The Government of India issues the one-rupee note. Statement 2 is wrong: the Government designs and mints coins under the Coinage Act, 2011, and the RBI only distributes them. Read more: IndEco0334 — Currency Management in India: Notes, Coins and Polymer Notes.

Match List I (place) with List II (what is made there): List I: A. Salboni B. Dewas C. Noida D. Mysuru List II: 1. Note press run by SPMCIL (Government) 2. Note press run by BRBNMPL (RBI) 3. Coin mint run by SPMCIL Select the correct answer:

A-2, B-1, C-3, D-2. Salboni and Mysuru are note presses of BRBNMPL, the RBI's subsidiary. Dewas, like Nashik, is a note press of the Government's SPMCIL. Noida is one of four SPMCIL coin mints, with Mumbai, Hyderabad and Kolkata. So the match is A-2, B-1, C-3, D-2. Read more: IndEco0334 — Currency Management in India: Notes, Coins and Polymer Notes.

Under which section of the RBI Act, 1934 does the Central Government approve the design, form and material of banknotes, the route used for the 2026 polymer note proposal?

Section 25. Section 25 says the Centre approves a banknote's design, form and material after considering the RBI Central Board's advice. The RBI sent its 2026 polymer note proposal under this section. Section 22 is the sole right to issue notes, Section 24 sets denominations and Section 26 makes notes legal tender. Read more: IndEco0334 — Currency Management in India: Notes, Coins and Polymer Notes.

Assertion (A): A shopkeeper cannot be forced to accept a payment of ₹5,000 made entirely in ₹10 coins. Reason (R): Coins of one rupee and above are legal tender only for sums up to ₹1,000 in a single transaction. Select the correct answer:

Both A and R are true, and R is the correct explanation of A. Both are true, and R explains A. Coins of one rupee and above are legal tender only up to ₹1,000 in one transaction. So nobody can be forced to accept ₹5,000 in coins. Accepting them by choice is still allowed. Read more: IndEco0334 — Currency Management in India: Notes, Coins and Polymer Notes.

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Consider the following statements about security features of Indian banknotes: 1. The security thread glows under ultraviolet light. 2. On ₹200 and ₹500 notes, the numeral printed in colour-shifting ink changes from green to blue when the note is tilted. 3. In the see-through register, part of the numeral is printed on the front and part on the back. 4. The watermark window shows a portrait of Dr B.R. Ambedkar. How many of the statements given above are correct?

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