SELECT * FROM question_mgmt as q WHERE id=10654 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=9 AND subId=46 AND chapterId=329 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 10th social-science-understanding-economic-development Money and Credit look at a 10 rupee note what is written on top c

Question:

Look at a 10 rupee note. What is written on top? Can you explain this statement?
“Reserve Bank of India” and “Guaranteed by the Government” are written on top.

Answer:

Reserve bank of india and guaranteed by the government are written on top a 10 rupee note. In india , currency is issued by the reserve bank of india on behalf of the central government. So these two statements signify that the currency is authorized of guaranteed by the central government. That is the Indian law legalizes the use of this 10 rupee note as a medium of payment anywhere in the country.


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