Question : In India, coins are issued by:
Option 1: State Bank of India
Option 2: Ministry of Finance
Option 3: Reserve Bank of India
Option 4: Department of Revenue
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Answer (1)
11th Jan, 2024
Correct Answer: Reserve Bank of India
Solution : The correct answer is (c) Reserve Bank of India
In India, coins are issued by the Reserve Bank of India (RBI). The RBI is responsible for the issuance and distribution of currency notes and coins in the country. The Ministry of Finance and the Department of Revenue have oversight and regulatory functions related to currency management, but the actual issuance of coins is carried out by the Reserve Bank of India.
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