2024 · Q102
Which of the following statements with regard to National Logistics Policy (NLP) is NOT correct?
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- ANLP was launched in 2022
- BNLP would improve the competitiveness of Indian goods
- CNLP would enhance economic growth and increase employment opportunities
- DNLP would provide an opportunity for deleveraging balance sheets and providing fiscal space for investment in new infrastructure assets
Explanation
The Reserve Bank of India is the sole authority for the issue of currency notes in India (under Section 22 of the RBI Act, 1934), except for the one-rupee note and coins, which are issued by the Government of India. It does not merely regulate commercial banks' note issue (option A), it is not a subsidiary of the Finance Ministry for this purpose (option B), and state governments have no currency-issuing role (option C). Hence option D is correct.