Q5 · UPPSC current affairs · 5 October 2026 · News · Polymer Banknotes BRBNMPL BOPP Substrate RBI

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Consider the following statements regarding polymer banknotes and their production in India:1.Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is a wholly owned subsidiary of the Reserve Bank of India.2.India was the first country in the world to introduce polymer banknotes in 1988.Which of the statements given above is/are correct?

A 1 only
B Neither 1 nor 2
C 2 only
D Both 1 and 2

Correct answer: (a) 1 only

Explanation

Statement 1 is correct as BRBNMPL is a wholly owned subsidiary of RBI managing currency note production. Statement 2 is incorrect because Australia, not India, was the first country to introduce polymer banknotes in 1988.

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