16. The RBI has the sole right to issue and manage the currency in India. True or False?
Answer: True
17. What is the highest denomination of currency note issued by the RBI?
a) Rs. 1000
b) Rs. 2000
c) Rs. 5000
d) Rs. 10000
Answer: b) Rs. 2000
18. The RBI is also known as the “Banker’s Bank”. True or False?
Answer: True
19. Who approves the annual report of the RBI?
a) Ministry of Finance
b) Parliament of India
c) President of India
d) Prime Minister of India
Answer: b) Parliament of India
20. What is the currency of India called?
a) Rupee
b) Rial
c) Yuan
d) Euro
Answer: a) Rupee
