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Question
Who is authorised to issue coins in India ?
Options:
A .  Indian Overseas Bank
B .  Ministry of Finance
C .  State Bank of India
D .  Reserve Bank of India
Answer: Option B
Answer: (b)
Coins may be coined at the Mint for issue under the authority of the Central Government, (of such denominations not higher than one hundred rupees), of such dimensions and designs, and of such metals or of mixed metals of such composition as the Central Government may, by notification in the Official Gazette, determine.) Paper Currency in India consists of notes of various denominations which are issued by the RBI and the Government of India.
The one rupee note is issued by the Ministry of Finance and bears the signature of the secretary. All currency notes are legal tender.

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