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    Question

    Which is/are correct about Security Printing & Minting

    Corporation of India Limited (SPMCIL)? A.      It is fully owned by RBI B.      RBI is the majority shareholder of SPMCIL C.      SPMCIL produces Currency and Bank Notes, Security Paper, Non-judicial Stamp Papers, etc
    A Only A Correct Answer Incorrect Answer
    B Only C Correct Answer Incorrect Answer
    C Only A and C Correct Answer Incorrect Answer
    D Only B and C Correct Answer Incorrect Answer
    E All are correct Correct Answer Incorrect Answer

    Solution

    SPMCIL is a wholly owned by Government of India and was incorporated on 13th January, 2006. It contains nine units, four mints, four presses and a paper mill. The RBI established Bharatiya Reserve Bank Note Mudran Pvt Ltd ( BRBNMPL) in February 1995 as a wholly-owned subsidiary to augment the production of bank notes in India and to enable bridging of the gap between supply and demand for bank notes in the country. The BRBNMPL has been registered as a Public Limited Company under the Companies Act, 1956 with its Registered and Corporate Office situated at Bengaluru. The company manages two Presses, one at Mysore in Karnataka and the other at Salboni in West Bengal

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