GENERAL KNOWLEDGE

GK

BANKING AWARENESS AND SEBI

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How much quantity of coins to be minted decided by -
A
RBI
B
SBI
C
IRDA
D
Union government
Explanation: 

Detailed explanation-1: -The designing and minting of coins is the responsibility of the Government of India. However, the coins are issued for circulation only through the Reserve Bank in terms of the RBI Act.

Detailed explanation-2: -A mint is an industrial facility which manufactures coins that can be used as currency.

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