CURRENT AFFAIRS

Detailed explanation-1: -Q. The Reserve Bank of India (RBI) is to set up an Automated Banknote Processing Centre (ABPC) in which city? Notes: The Reserve Bank of India (RBI) has decided to set up an Automated Banknote Processing Centre (ABPC) in Jaipur.

Detailed explanation-2: -The Reserve Bank of India intends to establish an Automated Banknote Processing Centre (ABPC). The Bank therefore invites Request for Proposal (RFP) from qualified and capable firms/ agencies/ companies to provide comprehensive consultancy services for the proposed work. Click here to download Tender documents. 2023.

Detailed explanation-3: -In terms of Section 22 of the Act, Reserve Bank has the sole right to issue banknotes in India. Section 25 states that the design, form and material of bank notes shall be such as may be approved by the Central Government after consideration of the recommendations made by the Central Board of RBI.

Detailed explanation-4: -The government owned presses are at Nasik (Western India) and Dewas (Central India). The other two presses are at Mysore (Southern India) and Salboni (Eastern India).

Detailed explanation-5: -The government-owned presses are Nashik (Western India) and Dewas (Central India). The other two presses are at Mysore (Southern India) and Salboni (Eastern India). Coins are minted in four mints owned by the Government of India. The mints are located at Mumbai, Hyderabad, Calcutta, and Noida.