ISSUER OF CURRENCY

Question 1

Along with RBI who is also responsible for the design, production and overall management of the nation’s currency, with the goal of ensuring an adequate supply of clean and genuine notes?

Answer 1

Government of India

Question 2

……………………………. are extended arms of the Reserve Bank Issue Departments and are responsible for meeting the currency requirements of their respective regions.

Answer 2

Currency chests

Question 3

The presses in Madhya Pradesh and Maharashtra are owned by

Answer 3

Security Printing and Minting Corporation of India (SPMCIL), a wholly owned company of the Government of India.

Question 4

The presses in Karnataka and West Bengal are owned by

Answer 4

the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of the Reserve Bank

Question 5

The Reserve Bank is the agent of the Government for distribution, issue and handling of coins. Four mints are in operation:

Answer 5

Mumbai in Maharashtra, Noida in Uttar Pradesh, Kolkata, and Hyderabad

Question 6

RBI is evaluating ways to extend the life of bank notes - particularly in lower denominations. We are for instance considering the issue of ……………….. banknotes

Answer 6

Varnished