Reserve Bank of India

Q. Who is responsible for designing and minting coins in India?

1. Reserve Bank of India
2. Government of India
3. State Bank of India
4. Union Bank of India

Q. The RBI prints all currency notes including the one rupee denomination notes.

1. False
2. True

Q. Who mints the one rupee denominations and its subsidiary coins?

1. Banks
2. Reserve Bank of India
3. Ministry of Finance
4. Commercial banks

Q. Select the set with the four locations where the Reserve Bank of India prints currency.

1. Chandigarh, Surat, Kochi, Chhattisgarh
2. Mysore, Salboni, Dewas, Nashik
3. Dewas, Nashik, Indore, Surat
4. Mysore, Kochi, Salboni, Chandigarh

Q. Which of the following organisations maintains the foreign exchange reserve and has custody of all foreign currencies?

1. Government
2. RBI
3. Authorised dealers
4. Commercial banks

Q. Peter's printing press printed Indian rupee notes for the people of his village. Comment on the validity of these notes.

1. The notes can be exchanged for the legal Indian rupee notes.
2. The notes can serve as money for the village.
3. The notes can be used as currency throughout the country.
4. The notes will be considered counterfeit.

Q. Which of the following denominations is not minted by the Reserve Bank of India?

1. One rupee coins
2. Ten rupee coins
3. Hundred rupee coins
4. Thousand rupee coins

Q. Which of the following is not a function of the Reserve Bank of India?

1. Removing unfit notes in circulation
2. Keeping an eye on individual customers
3. Lending to banks
4. Managing finances of the government