1. When was India's first currency note press set up?
a) 1935
b) 1928
c) 1932
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Wrong!
The correct answer is 1928.
The Currency Note Press at Nashik Road was established in 1928. With this currency notes came to be progressively printed in India and by 1932 the Nashik Press started printing the entire spectrum of India currency notes with improved security features like watermarks, intricate portrait designs and multicoloured printing.
Correct!
The Currency Note Press at Nashik Road was established in 1928. With this currency notes came to be progressively printed in India and by 1932 the Nashik Press started printing the entire spectrum of India currency notes with improved security features like watermarks, intricate portrait designs and multicoloured printing.
2. Where in India is the Security Paper Mill?
a) Dewas
b) Hoshangabad
c) Nepanagar
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Wrong!
The correct answer is Hoshangabad.
The Security Paper Mill, Hoshangabad (Madhya Pradesh), manufactures the high security bank-note paper as well as some other security papers.
Correct!
The Security Paper Mill, Hoshangabad (Madhya Pradesh), manufactures the high security bank-note paper as well as some other security papers.
3. The Reserve Bank of India has set up currency printing facilities under which name?
a) Bharatiya Reserve Bank Note Mudran Ltd
b) India Currency Press
c) Reserve Bank Press
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Wrong!
The correct answer is Bharatiya Reserve Bank Note Mudran Ltd.
In order to meet the rising demand for bank notes, the RBI has set up printing facilities under the Bharatiya Reserve Bank Note Mudran Limited. It has two functional units, at Mysore in Karnataka and at Salboni in West Bengal. The BRBNML is under the direct control of the RBI.
Correct!
In order to meet the rising demand for bank notes, the RBI has set up printing facilities under the Bharatiya Reserve Bank Note Mudran Limited. It has two functional units, at Mysore in Karnataka and at Salboni in West Bengal. The BRBNML is under the direct control of the RBI.
4. How many mints in India produce coins?
a) Two
b) Five
c) Four
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Wrong!
The correct answer is Four.
There are four mints in the country that produce coins for use of the public. These are: India Government Mint, Mumbai (Maharashtra), India Government Mint, Kolkata (West Bengal), India Government Mint, Hyderabad (Andhra Pradesh), India Government Mint, NOIDA (Uttar Pradesh). Apart from minting coins, the mints at Mumbai, Kolkata and Hyderabad also make coin blanks. Hyderabad, Mumbai and Kolkata mints have gold assaying facilities and the Mumbai mint produces standardised weights and measures. Commemorative coins are made at IGM, Mumbai and Kolkata, and the latter has facilities for making medallions too.
Correct!
There are four mints in the country that produce coins for use of the public. These are: India Government Mint, Mumbai (Maharashtra), India Government Mint, Kolkata (West Bengal), India Government Mint, Hyderabad (Andhra Pradesh), India Government Mint, NOIDA (Uttar Pradesh). Apart from minting coins, the mints at Mumbai, Kolkata and Hyderabad also make coin blanks. Hyderabad, Mumbai and Kolkata mints have gold assaying facilities and the Mumbai mint produces standardised weights and measures. Commemorative coins are made at IGM, Mumbai and Kolkata, and the latter has facilities for making medallions too.
5. Under which act is the Government of India charged with the responsibility of production and supply of coins to the RBI?
a) The Metal Tokens Act, 1889
b) The Currency Ordinance, 1940
c) The Coinage Act, 1906
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Wrong!
The correct answer is The Coinage Act, 1906.
Under The Coinage Act, 1906, the Government of India is charged with the responsibility of the production and supply of coins to the Reserve Bank of India. The RBI places an annual indent for this purpose and the Government of India draws up the production programme for the India Government Mints on the basis of the indent.
Correct!
Under The Coinage Act, 1906, the Government of India is charged with the responsibility of the production and supply of coins to the Reserve Bank of India. The RBI places an annual indent for this purpose and the Government of India draws up the production programme for the India Government Mints on the basis of the indent.