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The minting of rupee coins is governed by a different statute, distinct from the RBI Act. According to the lesson, which Act governs the minting of rupee coins?
Answer & Solution
Correct answer: A.
1. The lesson identifies the source of the coin-minting power.
2. The Indian Coinage Act, 1906 governs the minting of rupee coins.
3. The RBI Act covers note-issue, not coin-minting.
4. The Paper Currency Act gave the GoI a note-issue monopoly historically; the Stamp Act is unrelated.
_Source: ICSI CS Executive Paper 7 (Economic, Business and Commercial Laws) — Lesson 1: Reserve Bank of India Act, 1934, pp. 8-21._
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