Culture Arena
India · Economy & Business · Hard
Which section of the RBI Act gives the bank the sole right to issue banknotes?
Answer: Section 22 — Section 22 grants the RBI the sole right to issue banknotes, subject to the special one-rupee arrangement.
- A Section 100
- B Section 22 ✓
- C Section 1
- D Section 33
Section 22 grants the RBI the sole right to issue banknotes, subject to the special one-rupee arrangement.