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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?
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Answer / raju regmi
One rupee note are printed by Govt of India itself whereas
other currency are printed by Reserve Bank on behalf of
Govt of India therefore goverener takes the responsibilty.
| Is This Answer Correct ? | 131 Yes | 31 No |
Answer / deepa
as rupess is the currency of our country and only govt has
the authority to issue indian currency it has been signed
ny ministry of finance, all other notes are bearer notes
which are signed by governor.
no interference by rbi.
| Is This Answer Correct ? | 88 Yes | 30 No |
Answer / arun
as rupess is the currency of our country and only govt has
the authority to issue indian currency it has been signed
ny ministry of finance, all other notes are bearer notes
which are signed by governor.
So when the note of 2 or more then that says that " I
Promoise to pey the bearer the sum of ----- rupees", it
means that the note is actually a promisary note and will
be paid using one rupee note or by coins.
| Is This Answer Correct ? | 56 Yes | 16 No |
Answer / vimal kumar (tgt- s.st. kendr
One Rupee note is the currency unit of India. it is monetary matter comes under the central list. All works of central list are done in the name of the central government. So, for currency matter finance ministry is the first and immediate authority to fix the value of the first unit of currency. It issue one Rupee note to ensure its control over currency. Keeping in view this matter the finance secretary sign it on the name of the government. Rest of the currency note are valued as per the value of one rupee. This is why government has no fear of loosing the control over currency. Reserve Bank of India which works under central government, is responsible for the issuing of the other currency notes for government on the name of governor as a head of RBI. This makes the other currency note bearer note. Hence, governor of RBI has to sign it. This is why, apart from one Rupee note rest of the currency note are signed by the governor.
| Is This Answer Correct ? | 47 Yes | 19 No |
Answer / richie
THE One Rupee Note signifies one unit measure of currency
note consisting of 100 paise which can be determined and
decided by the Government of India ONLY. The RBI prints
currency notes using this unit measure.
for eg. if the RBI wants to print a Rs.5/- note, it has to
accept the determined value of Rs.5/- as Re.1 X 5.
| Is This Answer Correct ? | 38 Yes | 23 No |
Answer / hari sankar
Under the Coinage Act 2011 only the Central Govt has the authority to mint coins up to a denomination of Rs.1000.00 Sec 4 of the Act definition of coins in the Act makes it clear that Govt. of India one rupee note is included in the definition of coins. Hence one rupee notes are issued by the Govt and not by RBI and is thefore signed by the Secretary,, Ministry of Finance, Govt of India
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / 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 |
Answer / annonyms
because the intrensic value(cost incurred in making rs 1 note) of rs 1 is = to its face value.
| Is This Answer Correct ? | 3 Yes | 17 No |
Answer / ranjith kumar
because only the governor sign only very big compare to
others so that no can forgery that........
| Is This Answer Correct ? | 31 Yes | 110 No |
Answer / naren
now 1 rupee note is closed out by govt.
Please forget and go ahead with 10 rupee note.
| Is This Answer Correct ? | 18 Yes | 102 No |
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