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Who issues metallic coins in India?
  • a)
    RBI
  • b)
    Government of India
  • c)
    Banks and financial institutions
  • d)
    Any of the above can issue it.
Correct answer is option 'B'. Can you explain this answer?
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Who issues metallic coins in India?a)RBIb)Government of Indiac)Banks a...
The Government of India issues metallic coins in India. Coins, paper currency and deposits are the components of money supply in India.
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Who issues metallic coins in India?a)RBIb)Government of Indiac)Banks a...
Issuance of Metallic Coins in India

Metallic coins are the physical currency that plays an important role in the economy of any country. In India, the issuance of metallic coins is carried out by the Government of India.

Role of Government of India

The Government of India has the sole authority to issue coins in the country. The Ministry of Finance, under the Coinage Act, 2011, regulates the minting and distribution of coins, while the production of coins is carried out by four mints located in Mumbai, Kolkata, Hyderabad, and Noida.

Denominations of Coins

The denominations of coins in India include 50 paise, 1 rupee, 2 rupees, 5 rupees, and 10 rupees. The coins are made of various metals like stainless steel, nickel, copper, and zinc.

Circulation of Coins

Coins issued by the Government of India are legal tender in the country. The Reserve Bank of India is responsible for the distribution of coins to various banks and financial institutions. These coins are then circulated among the general public through these institutions.

Conclusion

In conclusion, while the Reserve Bank of India plays a crucial role in the distribution of coins, it is the Government of India that has the authority to issue metallic coins in the country. This ensures that the production, distribution, and circulation of coins are carried out in a regulated and efficient manner, contributing to the stability of the Indian economy.
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Who issues metallic coins in India?a)RBIb)Government of Indiac)Banks a...
Indian currency is issued by RBI on the behalf of government of India
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Financial markets in India have acquired greater depth and liquidity over the years. Steady reforms since 1991 have led to growing linkages and integration of the Indian economy and its financial system with the global economy. Weak global economic prospects and continuing uncertainties the in international financial markets therefore, have had their impact on the emerging market economies. Sovereign risk concerns, particularly in the Euro area, affected financial markets for the greater part of the year, with the contagion of Greeces sovereign debt problem spreading to India and other economies by way of higher-than-normal levels of volatility.The funding constraints in international financial markets could impact both the availability and cost of foreign funding for banks and corporates. Since the Indian financial system is bank dominated, banks ability to withstand stress is critical to overall financial stability. Indian banks, however, remain robust, notwithstanding a decline in capital to risk-weighted assets ratio and a rise in nonperforming asset levels in the recent past. Capital adequacy levels remain above the regulatory requirements. The financial market infrastructure continues to function without any major disruption. With further globalization, consolidation, deregulation, and diversification of the financial system, the banking business may become more complex and riskier. Issues like risk and liquidity management and enhancing skill therefore assume greater significance.Q.According to the passage, in the Indian financial system, banks ability to with stand stress is critical to ensure overall financial stability because Indian financial system is

Financial markets in India have acquired greater depth and liquidity over the years. Steady reforms since 1991 have led to growing linkages and integration of the Indian economy and its financial system with the global economy. Weak global economic prospects and continuing uncertainties the in international financial markets therefore, have had their impact on the emerging market economies. Sovereign risk concerns, particularly in the Euro area, affected financial markets for the greater part of the year, with the contagion of Greeces sovereign debt problem spreading to India and other economies by way of higher-than-normal levels of volatility.The funding constraints in international financial markets could impact both the availability and cost of foreign funding for banks and corporates. Since the Indian financial system is bank dominated, banks ability to withstand stress is critical to overall financial stability. Indian banks, however, remain robust, notwithstanding a decline in capital to risk-weighted assets ratio and a rise in nonperforming asset levels in the recent past. Capital adequacy levels remain above the regulatory requirements. The financial market infrastructure continues to function without any major disruption. With further globalization, consolidation, deregulation, and diversification of the financial system, the banking business may become more complex and riskier. Issues like risk and liquidity management and enhancing skill therefore assume greater significance.Q.Risk and liquidity management assumes more importance in the Indian banking system in future due to 1. further globalization.2. more consolidation and deregulation of the financial system.3. further diversification of the financial system.4. more financial inclusion in the economy.

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Who issues metallic coins in India?a)RBIb)Government of Indiac)Banks and financial institutionsd)Any of the above can issue it.Correct answer is option 'B'. Can you explain this answer?
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