BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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: -There are today four United States mints: Philadelphia, Denver, San Francisco, and West Point. The bullion depository at Fort Knox is also part of the Mint system.
Detailed explanation-3: -Currently Indian coins are minted in four locations, Mumbai, Noida, Hyderabad, Kolkata. Each coin has unique shape right below the year that helps identify which city it was minted in Mumbai is represented by a diamond, Delhi by a dot, Hyderabad by a Star, and Kolkata mint has no mark at all.
Detailed explanation-4: -I’ve noticed that the mint numbers for coins can vary a lot from year to year. How does the United States Mint determine how many coins of each denomination to produce in a year? In 2021, nearly 15 billion pennies, quarters, nickels, dimes and half dollars departed the U.S.
Detailed explanation-5: -The current mint marks on United States coinage are P, D, S, and W for the 4 currently operating US Mints. The letter P is used for the Philadelphia Mint, D for the Denver Mint, S for the San Francisco Mint, and W for the West Point Mint. Over time there have been 9 official United States Mints.