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Commerce · Q288

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 288

Q288

In terms of Section 24 of the RBI Act, 1934, RBI may issue bank notes for the maximum denomination of:

A.
Rs. 500
B.
Rs. 5000
C.
Rs. 10000
Answer
D.
Rs. 1000

Answer: Option C

Solution

Answer: Option C
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