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 / 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 |
Post New Answer View All Answers
What techniques are used for the analysis and interpretation of financial statements?
Is The Installation Labor For A New Asset Expensed Or Included In The Cost Of The Asset?
When one party enjoys credit facilities by more than one banks who works in coordination with each other under a formal arrangement, what is the arrangement?
What points are covered in the 'annual financial statement'?
Where is first Aviation Park located?
What is demand promissory note?
Give the difference between cheques and demand draft?
How do we calculate GNP and GDP?
Fill in the blank- The argument that the need for a new monetary policy to ---------demand outweighs the need to ------budget deficits its persuasive.
What is Crossed Cheque ?
What are the basic principles of Dow's Theory?
How do you calculate treasury stock?
Highlight some facts of Union Budget 2016- 2017?
What are the various departments of RBI?
profit centres