Question 4: 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 or guaranteed by the Central Government.
