Coins are minted in.....mints owned by the Government of India.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Coins are minted in____mints owned by the Government of India.

A	two
B	four
C	three
D	six

Explanation:

Detailed explanation-1: -Coins are minted at the four India Government Mints at Mumbai, Alipore(Kolkata), Saifabad(Hyderabad), Cherlapally (Hyderabad) and NOIDA (UP). The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act.

Detailed explanation-2: -Coins in India are presently being issued in denominations of 50 paise, one rupee, two rupees, five rupees, ten rupees and twenty rupees. Coins up to 50 paise are called ‘small coins’ and coins of Rupee one and above are called ‘Rupee Coins’.

Detailed explanation-3: -There are currently four active coin-producing mints: Philadelphia, Denver, San Francisco, and West Point. Washington, D.C., U.S.

Detailed explanation-4: -Mint produced a total of 816, 138, 372, 612 coins between 1921 and 2020. The total value of these coins amounts to $169, 541, 902, 128 in today’s dollars.

Detailed explanation-5: -The Philadelphia Mint has the capacity to produce 1.8 million coins an hour, 32 million coins per day, and 13.5 billion coins every year. E Pluribus Unum. This motto is found on all United States coinage.

There is 1 question to complete.