1.

What are the reason behind the decision of the Reserve Bank of India to Withdraw currency notes issued before 2005 ?

Answer»

To replace them with plastic notes
to check COUNTERFEIT notes
To replace mutilated and spoit notes
To check illicit notes of Pakistan

Solution :The Reserve BANK of India said its move to withdraw currency notes printed before 205 is to check counterfeit notes and these notes will CONTINUE to be legal tender even after the July deadline. It clarified that the move to withdraw has been taken because they have fewer security features COMPARED to banknotes printed after 2005.


Discussion

No Comment Found