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
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.
College Comparison based on Courses, Placement, Rank, Fee
Question : In India, _____fixes the Cash Reserve Ratio(CRR) for the banks in the economy.
Option 1: Reserve Bank of India
Option 3: Ministry of External Affairs
Option 4: State Bank of India
Question : The ___________ is responsible for issuing and regulating the currency in India.
Option 1: Ministry of Finance
Option 2: Government of India
Option 3: Reserve Bank of India (RBI)
Option 4: State Bank of India (SBI)
Question : The Planning Commission in India was replaced by which organization in 2015?
Option 1: NITI Aayog
Option 4: Ministry of Planning
Question : The Foreign Trade Policy of India is formulated by which organization?
Option 1: Reserve Bank of India (RBI)
Option 2: Ministry of Commerce and Industry
Option 3: Ministry of Finance
Option 4: Department of Industrial Policy and Promotion (DIPP)
Question : Economic Survey in India is published officially every year by the:
Option 2: NITI Aayog
Option 4: Ministry of Commerce
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile