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Tuesday, 24 January 2017

GK Questions on Currency Notes 2017

Ques1 
Where printing of New currency notes (2000 Rs.) takes place? 

Ans. - Printing of New currency notes (2000 Rs.) takes place at Salboni (West Midnapur,West Bengal. )
Ques2 
Where printing of New currency notes (500 Rs.) takes place? 

Ans.- Printing of New currency notes (500 Rs.) takes place at Security press of Nashik (Maharashtra), and Devas (Madhya Pradesh) .
Ques3
Who printed the currency notes? 

Ans. - Currency notes are printed by Security printing and minting corporation of India. 
Security Printing and Minting Corporation of India Limited (SPMCIL) was incorporated on 13 January 2006 under the Companies Act, 1956 with its headquarters in New Delhi. It is a Miniratna Company and is wholly owned by the Government of India.
The work of SPMCIL includes manufacturing of security paper, minting of coins, printing of currency and banknotes, non-judicial stamp papers, postage stamps, travel documents, etc.
The vision of SPMCIL is “To be leader in manufacturing of currency, coins and security products through process excellence and innovation”.
Ques4 
How many Metric tonnes of paper required per year for printing notes for India? 

Ans. - India required 22 Thousand metric tonnes of paper per year for currency notes.i.e. 88 lakh of Rim. We get 16.67 Rim paper by cutting one tree.Hence for currency note printing we have to cut 5,27,895 trees per year.
Ques5 
How much money we have to invest on currency printing? 

Ans. - As per data released by RBI in June 2016 for last year,Investment of Government on the printing of 21.2 billion notes was 3,421 crores Rs.
Ques6 
Who printed 1st note of India ? 

Ans. - British company ‘Thomas de la ru’ printed 1st note of India at 1862.Today this company printed currency notes for more than 150 countries.
Paper Mill
The Security Paper Mill (SPM), Hoshangabad was established in 1968 which is responsible for the manufacturing of different types of Security Papers. It provides the numerous security features in paper via Fluorescence Fibres, Multi-tonal three Dimensional Watermark, Electrotype Watermark, various types of Security Threads, Tangents, etc.
Printing Presses:
Following are 4 printing presses in the country -
Currency Note Press, Nashik Road 
Bank Note Press, Dewas 
India Security Press, Nashik 
Security Printing Press, Hyderabad 
Mints:
The Mints are situated at Mumbai, Hyderabad, Kolkata and Noida.

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