RBI Functions – Currency Administration

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16. Which committee recommended the introduction of decimal coins in India?

a) Jayanti Rama Committee

b) R.K. Talwar Committee

c) Hilton Young Committee

d) Bimal Jalan Committee

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17. Which of the following is not a function of RBI in relation to foreign exchange management?

a) Regulating and supervising authorized dealers

b) Establishing exchange control

c) Fixing exchange rates

d) Managing foreign exchange reserves

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18. What is the full form of ‘FEMA’ in relation to RBI’s functions?

a) Foreign Exchange Management Act

b) Foreign Exchange Monitoring Agency

c) Foreign Exchange Management Authority

d) Financial Exchange Management Act

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19. Which of the following is not a currency note denomination currently in circulation in India?

a) Rs. 2000

b) Rs. 500

c) Rs. 200

d) Rs. 20000

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20. How many printing presses are there for printing currency notes in India?

a) 2

b) 4

c) 6

d) 8

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