CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many crores spend on every year currency management operations?
A
2000
B
5000
C
21, 000
D
15000
Explanation: 

Detailed explanation-1: -Currency management essentially relates to issue of notes and coins and retrieval of unfit notes from circulation. This work is performed through 18 issue offices of the Reserve Bank and a wide network of 4195 currency chests, 488 repositories and 3562 small coin depots managed by banks and Government treasuries.

Detailed explanation-2: -India Reserve Money: Currency in Circulation data was reported at 32, 787, 129.662 INR mn in 20 Jan 2023. This records a decrease from the previous number of 32, 816, 596.662 INR mn for 13 Jan 2023.

Detailed explanation-3: -Presently, the Reserve Bank issues banknotes in denominations of ₹2, ₹5, ₹10, ₹20, ₹50, ₹100, ₹200, ₹500 and ₹2000. Coins in circulation comprise 50 paise and ₹1, ₹2, ₹5, ₹10 and ₹20 denominations. VIII.

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