The RBI has the authority to issue coins up to what denominations? *
Right Answer is: A
* As per the Coinage Act of 2011, the RBI can issue the coins up to the denomination of ₹1000.
* Coins in India are presently being issued in denominations of 50 paise, one rupee, two rupees , five rupees and ten rupees .
* Coins of Rs. 75, 100 and 1000 denominations were made first in 2010 for commemorative purposes.
* The coins were made in order to celebrate the 75 years of the Reserve Bank of India, 100 years of Rabindranath Tagore and 1000 years of Brihadeeswarar Temple.