Look at a Rs.10 note.What is written at the top.Explain the statement.

1.	Look at a Rs.10 note.What is written at the top.Explain the statement.
Answer» " I promise to pay the bearer of the sum of 10 rupees." Government RBI guaranteed the central government. A 10 rupee note is acceptable as a medium of exchange because this is authorized by the government of the country. In India, RBI issues currency notes on behalf of central government. And as per Indian law, no other individuals or organisation is allowed to issue currency.

Discussion