Question: By whom one rupee note is signed?
(a) Governor of Reserve Bank
(b) Finance Minister
(c) Finance Secretary
(d) Finance Advisor
Answer: (c)
Related Facts:
- On November 30th, 2017, the currency of one rupee note in India completed 100 years.
- One rupee note was issued on November 30, 1917, having the picture of King George V of Britain on it.
- An important feature of one rupee note is that it is not issued by the Reserve Bank of India like other Indian notes.
- It is signed by Finance Secretary of the Government of India.
- On the legal basis, this is the only real currency note (currency note).
- All other notes are the note (promissory notes) on which the holder is promised to pay the same amount.
- First one rupee notewhich was printed in 1917 had the signatures of three British finance secretaries – MMS Gubbay, AC McWatters and H
- It is noteworthy that since independence, notes of one rupee signed by 18 Finance Secretaries have been issued so far.