Q. As per the current provisions of the Reserve Bank of India of Act, 1934, what is the highest denomination of notes RBI can issue?
Answer: Rs. 10,000
Notes: The correct answer is Rs. 10,000. The Reserve Bank of India (RBI) Act of 1934 allows the issuance of currency notes, and while Rs. 10,000 notes were once in circulation, they were demonetized in 1978. Currently, the highest denomination in circulation is Rs. 2,000, introduced in 2016. However, the RBI retains the authority to issue higher denominations if deemed necessary.