In India, which Ministry issues the coins of all denominations?

Question

Question

This question was previously asked in

SSC CHSL Exam 2023 Tier-I Official Paper (Held On: 11 Aug, 2023 Shift 1)

Answer 1

The correct answer is the Ministry of Finance. Key Points

The Ministry of Finance is responsible for issuing coins of all denominations in India.
The coins are minted by the government-owned Security Printing and Minting Corporation of India Limited (SPMCIL) and its four mints located in Mumbai, Kolkata, Hyderabad, and Noida.
The coins are issued on behalf of the Reserve Bank of India (RBI), which is the country's central bank.
The coins are legal tender and can be used for transactions in India.

Additional Information

The Ministry of External Affairs is responsible for India's foreign policy, diplomatic relations with other countries, and international trade and cooperation.
- It was formed on 2 September 1946.
The Ministry of Home Affairs is responsible for maintaining internal security, law and order, disaster management, and border management.
- It was formed on 15 August 1947.
The Ministry of Mines is responsible for the development and regulation of the mining sector, including exploration, production, and marketing of minerals.
- Its headquarter is in New Delhi.