Question Bank - Banking & Financial Services

Here's the question bank on all the banking & financial services topics.

A Government Bank Note Press in located in which of the following places in Madhya Pradesh?

A.
Jhabhua
B.
Jabalpur
C.
Dewas
D.
Rewa

Solution:

The Correct Answer is Dewas. The Department of Currency Management has the responsibility of administering the functions of currency management,. It is a core function of the Reserve Bank in terms of the Reserve Bank of India Act, 1934. There are four currency note printing presses in India. Two of the currency note printing presses are owned by the Government of India and two are owned by the Reserve Bank, through its wholly-owned subsidiary, the Bharatiya Reserve Bank Note Mudran Ltd. (BRBNML). The government-owned presses are at Nasik (Maharastra) and Dewas (Madhya Pradesh). The other two presses are at Mysore (Southern India) and Salboni (Eastern India). Additional InformationCoins are minted in four mints owned by the Government of India. The mints are located in Mumbai, Hyderabad, Calcutta, and Noida.

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