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Chap 3 : Money and Credit - part 1
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This lesson is on the function of money as medium of exchange and also the modern forms of money.

Arpita Prakash
YouTuber NCERTs series initiator at Unacademy 'Educator of the Month' for Feb'19 CBSE 0.1% Merit Certificate holder in Mathematics

Comments
(33)
Unacademy user
buhut bahut dhanyavad sir ji
Arpita Prakash
a month ago
Thanks ! Check this playlist for the videos of class 11 Political Science NCERT- Indian Constitution at Work. I will be finishing the book soon. https://www.youtube.com/playlist?list=PLrJzrrOycmwAegub1v0Q-Jx32RX9RwCxN Also, check the playlist on the same channel which contains videos on note making strategies
Thank you so much Mam !
The one rupee note is not issued by RBI. It bears the signature of Finance Secretary,Government of India. Apart from this, the coins are minted at government mints.
thanku for such a great explanation 😊
RBI is authorized to issue currency notes only. Currency coins are minted by the Gov. of India and RBI acts as an agent of Govt. of India for the distribution of the currency coins. I guess RBI is not authorized to issue the one rupee note either as it bears the signature of the Finance Minister and not of RBI Governor. Please correct me if I'm wrong. Thank you.
Sidharth Rai
10 months ago
bears the signature of finance secretary not of finance minister.
Prerak Vaishnav
10 months ago
Thank you for the correction Mr. Rai.
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