Multiple Choice Questions on Coins are minted by the according to the Coinage Act 1906 and Coinage Act 2011 ........ for IBPS (PO/SO) Preparation

Coins are minted by the according to the Coinage Act 1906 and Coinage Act 2011 ........

Professional Legal Knowledge RBI Act

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Coins are minted by the __________ according to the Coinage Act,1906 and Coinage Act,2011

Government of India

RBI

Both of the above

by respective banks

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Explanation:

The correct option is 1 (Government of India).

According to the Coinage Act, 1906 and the Coinage Act, 2011, coins are minted by the Government of India. The Security Printing and Minting Corporation of India Limited (SPMCIL), a government-owned entity, is responsible for the minting process under the authority of the Government. The Reserve Bank of India (RBI) plays a role in the distribution of coins and notes but does not mint them. The Coinage Acts outline the legal framework for the minting of coins in India.