Which of the following is correct with reference to Ministry of Finance?

Ans – (c)

Explanation:-

The Ministry of Finance of the government of India issues one rupee not and coins of all denominations as per section 6 of the coinage act, 2011.

Additional Information:-

It bears the signatures of the Finance Secretary.

It contains the words ‘Bharat Sarkar; above the words ‘Government of India’.

The 1 rupee note was first introduced on 30 November 1917, but printing was discontinued in 1926.

Printing then restarted in 1940 and continued until 1994, when it was stopped again due to cost-cutting measures.

The newly printed notes were first released on 5 March 2015 at Srinathji Temple, Rajasthan by Rajiv Mehrishi, Finance secretary.

Once again RBI decided to issue these notes as per publication in the Gazette of India on 7 February 2020.

The Government of India decides on the quantity of coins to be minted on the basis of indent received from the Reserve Bank on a yearly basis.

The Government of India is responsible for the designing and minting of coins in various denominations.

RBI has not prescribed any limit for coin deposits by customers with banks. Banks are free to accept any amount of coins from their customers.