GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Hyderabad
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Kolkatta
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Mumbai
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All of these
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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: -The Mint makes new coins each year, but they make up less than 20% of the total coins in circulation. More than 80% comes from people re-using coins to pay for goods and services. Coins are “in circulation” when we use them as money. They get passed around from banks, stores, and people over and over again (Circulate).
Detailed explanation-3: -Mint Produced Over 13.6 Billion Coins for Circulation in 2022. The pace of minting U.S. coins for circulation slowed for a third straight year, final 2022 production figures from the United States Mint show. This CoinNews photo shows a stack of 2022 Anna May Wong Quarters.