In which year did the Government of India obtain the monopoly of paper-currency note issue?
The Government of India obtained the monopoly of note issue in 1861. Paper money had already circulated through private and Presidency banks before this government monopoly…
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In which year did the Government of India obtain the monopoly of paper-currency note issue?
Answer and explanation
Correct answer D
The Government of India obtained the monopoly of note issue in 1861. Paper money had already circulated through private and Presidency banks before this government monopoly began.
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Gujarat SET (GSET)