why one rupee note is signed by the ministry of finance? is
governer has the right to sign this note? is there any
interference by the RBI?

Answer Posted / mohammed.k

The one rupee notes are printed by the government of India and signed by the Ministry of finance as the cost of printing one rupee note is "1.14rs" and not 1rs. And so as its cost is more than its value and also its need is important it is printed by the the government of India and signed by ministry of finance.

Is This Answer Correct ?    1 Yes 12 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain opportunity cost

567


How can you check company statutory details?

628


Classify the Company According to Incorporation?

659


The Director has been asked to cut the operating budget by 10%. He has asked you to prepare recommendations for reducing the budget. How would you approach this task?

1652


Highlight various skill development schemes recently started in india.

596






What is 'tier 1 capital'?

713


Why the banks are going to lend the money at varied interest rate?

630


what are the interview question for housing finance companies in credit department.

8187


Discuss any two points on General Budget and Railway Budget?

613


Can Bankruptcy Help Get My California Driver's License Back?

637


Explain what is ratio analysis?

596


What is npa in bank terminology?

587


What Are Accrued Revenues And When Are They Recorded?

566


How successful is the Make in India initiative taken by the government?

609


Is NITI Aayog a constitutional body?

683