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When was the ‘Mahatma Gandhi Series’ of Indian Bank notes started?
2000
1991
1996
1994
1996
The Reserve Bank of India (RBI) introduced the Mahatma Gandhi Series of banknotes in 1996 to replace the previous Lion Capital series. These notes feature the portrait of Mahatma Gandhi on the obverse side and the Ashoka Pillar emblem on the watermark window.
The Reserve Bank of India (RBI) introduced the Mahatma Gandhi Series of banknotes in 1996 to replace the previous Lion Capital series. These notes feature the portrait of Mahatma Gandhi on the obverse side and the Ashoka Pillar emblem on the watermark window.
The power to issue currency in India is vested with the Reserve Bank of India under Section 22 of the Reserve Bank of India Act, 1934.
The 1996 series featured the portrait of Mahatma Gandhi for the first time on all denominations.
Prior to this series, the Ashoka Pillar emblem was the main feature on the notes.
The series introduced enhanced security features to combat the issue of counterfeit currency.
In 2005, the Mahatma Gandhi series was updated with improved security features including machine-readable security threads and electrotype watermarks.
The Mahatma Gandhi (New) Series was launched in 2016, starting with the 2000 and 500 rupee notes, featuring the Swachh Bharat Abhiyan logo.
Option 2000 is incorrect as it refers to the year the 1000 rupee note was reintroduced in the Gandhi series, not the start of the series.
Option 1991 marks the beginning of India's Economic Liberalization, while 1994 is not associated with any specific currency series transition.
C is correct — The Mahatma Gandhi Series of banknotes was officially introduced by the Reserve Bank of India in 1996.
When studying Indian currency, remember that the RBI Governor's signature appears on all banknotes except the one-rupee note, which is issued by the Ministry of Finance and bears the signature of the Finance Secretary.
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