Question 4

Look at a 10 rupee note. What is written on top? Can you explain this statement?
“Reserve Bank of India” and “Guaranteed by the Government” are written on top.

Answer

Reserve bank of india and guaranteed by the government are written on top a 10 rupee note. In india , currency is issued by the reserve bank of india on behalf of the central government. So these two statements signify that the currency is authorized of guaranteed by the central government. That is the Indian law legalizes the use of this 10 rupee note as a medium of payment anywhere in the country.

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