GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who among the following is the responsible person to decide the quantity of the coins to be minted?
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RBI
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SEBI
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The Government of India
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None of these
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Explanation:
Detailed explanation-1: -The Reserve Bank of India (RBI) prints and manages currency in India, whereas the Indian government regulates what denominations to circulate. The Indian government is solely responsible for minting coins.
Detailed explanation-2: -The Reserve Bank of India issues currency notes and coins in India.
Detailed explanation-3: -The Government of India has the sole right to mint coins. The designing and minting of coins in various denominations is also the responsibility of the Government of India.
Detailed explanation-4: -The government has the sole right to mint coins in India. Q. Who is responsible for designing and minting coins in India?
There is 1 question to complete.