Who among the following decides the volume and value of bank notes to be printed in India? A. RBI B. SBI C. Security Printing and Minting Corporation of India D. All of the Above

1 Answer

Answer :

A. RBI Explanation: The Reserve Bank based on the demand requirement indicates the volume and value of  banknotes to be printed each year to the Government of India which get finalised after mutual consultation. The quantum of banknotes to be printed, broadly depends on the requirement for meeting the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.

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