BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mysore
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Salboni
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Both A and B
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None of the above
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Detailed explanation-1: -Two of the currency note printing presses are owned by the Government of India and two are owned by the Reserve Bank, through its wholly owned subsidiary, the Bharatiya Reserve Bank Note Mudran Ltd. (BRBNML). The government owned presses are at Nasik (Western India) and Dewas (Central India).
Detailed explanation-2: -The company manages 2 Presses one at Mysore in Karnataka and the other at Salboni in West Bengal. The present capacity for both the presses is 16 billion note pieces per year on a 2-shift basis.…
Detailed explanation-3: -Detailed Solution. The correct answer is Option 1 i.e. Kochi. Currency printing press of India is NOT located in Kochi. There are 4 currency note printing presses in India.
Detailed explanation-4: -The currency presses of SPMCIL are at Nasik (Western India) and Dewas (Central India). The two presses of BRBNMPL are at Mysuru (Southern India) and Salboni (Eastern India). Coins are minted in four mints owned by SPMCIL. The mints are located at Mumbai, Hyderabad, Kolkata and NOIDA.
Detailed explanation-5: -Recognising that production of currency notes is a strategically important activity, the then Government of India set up a currency printing press at Nashik in Maharashtra in 1928.