Questions and Answers
Why did the Reserve Bank of India shift to higher denomination notes?
Smaller denominations involve high volume and low value, posing challenges in currency management.
Which department of the RBI needed reforms according to the text?
Issue Department
What was one of the limitations the Reserve Bank faced in printing new currency?
Lack of capacity in the existing printing presses.
What is a reason for the gradual shift towards higher denomination notes mentioned in the text?
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What was one of the main aims of the Clean Note Policy mentioned in the text?
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What is the purpose of the Currency Verification and Processing Systems (CVPS) mentioned in the text?
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Why did RBI face a severe supply constraint of currency in the 1990s?
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Which subsidiary of RBI was responsible for setting up modern printing presses for banknotes?
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In which two Indian states were the modern printing presses for banknotes set up by BRBNMPL?
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What makes BRBNMPL unique in the world of banknote printing according to the text?
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