2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mysuru
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Dewas
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Nashik
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Hyderabad
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Detailed explanation-1: -Interestingly, even as RBI spent ₹4,984.8 crore, which is 24 per cent more than it did in FY21 (₹4,012.09 crore), the total supply was lower. The overall cost of printing currency in FY22 was the second highest, after an all-time high of around ₹8,000 crore during the year of demonetisation (2016-17).
Detailed explanation-2: -Data compiled from RBI’s annual reports shows the cost of printing currency notes in 2021-22 at ₹4,984.8 crore was almost 1.5 times the ₹2,063.16 crore spent in 2008-09.
Detailed explanation-3: -The value and volume of banknotes in circulation increased by 9.9% and 5%, respectively, at ₹31,05,721 crore and 13.05 lakh, respectively, the Reserve Bank of India’s annual report for 2021-22 shows.
Detailed explanation-4: -Detailed Solution. The correct answer is Rs 100 currency notes. People in India most prefer the Rs 100 denomination banknotes, while Rs 2,000 are least preferred. This was revealed in a Reserve Bank of India survey of a diverse sample of 11,000 respondents revealed.