GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Small Coins are -
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Coins with denominations of Re. 1
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Coins with denominations of more than Re. 1
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Coins with denominations of less that Re. 1
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None of the above
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Explanation:
Detailed explanation-1: -Coins up to 50 paise are called ‘small coins’ and coins of Rupee one and above are called ‘Rupee Coins’. Coins can be issued up to the denomination of ₹1000 under The Coinage Act, 2011.
Detailed explanation-2: -In terms of Section 22 of the Act, Reserve Bank has the sole right to issue banknotes in India.
There is 1 question to complete.