24 - RBI Functions - Currency Administration

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1).
In how many languages is the amount is written on the bank note?
2).
In which year the Paper Currency Act was passed?
3).
When was the currency function moved from Controller of Currency to RBI?
4).
When was the decimalization of the coinage done in India?
5).
Who undertakes the distribution of one rupee notes and coins and small coins all over the country?
6).
What is the maximum amount for which a note can be printed by the RBI?
7).
Who signs the One Rupee notes in India?
8).
Where was the first printing press for bank notes setup in India?
9).
What amount of Gold RBI needs to maintain under the Minimum Reserve System?
10).
Where is the printing press of Bharatiya Reserve Bank Note Mudran Pvt. Ltd. Located?
1. In how many languages is the amount is written on the bank note?
[A] 15
[B] 17
[C] 19
[D] 22
2. In which year the Paper Currency Act was passed?
[A] 1861
[B] 1885
[C] 1909
[D] 1919
3. When was the currency function moved from Controller of Currency to RBI?
[A] 1935
[B] 1947
[C] 1950
[D] 1928
4. When was the decimalization of the coinage done in India?
[A] 1957
[B] 1955
[C] 1947
[D] 1935
5. Who undertakes the distribution of one rupee notes and coins and small coins all over the country?
[A] Finance Ministry
[B] RBI
[C] Home Ministry
[D] All of the above
6. What is the maximum amount for which a note can be printed by the RBI?
[A] 2000
[B] 5000
[C] 10000
[D] 50000
7. Who signs the One Rupee notes in India?
[A] Prime Minister
[B] RBI Governor
[C] Finance Secretary
[D] President
8. Where was the first printing press for bank notes setup in India?
[A] Bhopal
[B] Pune
[C] New Delhi
[D] Nasik
9. What amount of Gold RBI needs to maintain under the Minimum Reserve System?
[A] Rs 150 crore
[B] Rs 200 crore
[C] Rs 115 crore
[D] Rs 100 crore
10. Where is the printing press of Bharatiya Reserve Bank Note Mudran Pvt. Ltd. Located?
[A] Mysore
[B] Salboni
[C] Both a and b
[D] None of the above
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