Home › RBI Grade B › Banking Awareness › RBI Basics › Coins are minted by the Government of India and …
Coins are minted by the Government of India and put into circulation by:
AThe SBI
BThe RBI
CThe SEBI
DNABARD
Answer & Solution
Correct answer: B. The RBI
1. RBI issues and destroys currency notes.
2. Coins are minted by the Government.
3. RBI puts them into circulation.
_Source: Reserve Bank of India, About Us (rbi.org.in)._
Related questions
Which training institute is part of the Reserve Bank?Under 'Banker to banks', RBI maintains banking accounts of all:The Deposit Insurance and Credit Guarantee Corporation Act was passed in:The NABARD Act is of the year:The Regional Rural Banks Act was passed in:The Foreign Exchange Management Act, managed by RBI, is of the year:The Credit Information Companies (Regulation) Act was passed in:The Payment and Settlement Systems Act administered by RBI was passed in: