RBI Reports 23.5% Decline in Currency Printing Costs for FY26
The cost reduction is attributed to a lower overall indent (order volume) for fresh banknotes during the financial year.
Despite the lower printing costs, banknotes in circulation surged by 11.8% to reach ₹41.23 Lakh Crore as of March 2026, with the ₹500 note being the most dominant (85.5% of total value).
Exam Perspective: Illustrates the persistent demand for physical currency in India's economy, as reflected in the rising Currency-to-GDP ratio (12.1% in FY26).
Key Facts / Static GK
Security Printing and Minting Corporation of India Limited (SPMCIL) operates presses in Nashik and Dewas
Q Practice Quiz — 8 June 2026
1. Who chairs the Appointments Committee of the Cabinet (ACC) that recently approved the extension of Tarun Kapoor as Advisor to the Prime Minister?
Explanation: The Appointments Committee of the Cabinet (ACC) is the highest body responsible for senior appointments in the Government of India, and it is chaired by the Prime Minister.
2. Which position did Air Marshal Ashutosh Dixit hold immediately prior to his appointment as the Vice Chief of Air Staff (VCAS) of the Indian Air Force?
Explanation: Before taking over as the Vice Chief of Air Staff, Air Marshal Ashutosh Dixit was serving as the Chief of Integrated Defence Staff (CISC) at Headquarters Integrated Defence Staff.
3. With reference to the nomination of Han Seong-sook as the Prime Minister of South Korea, consider the following statements: 1) She was nominated by South Korean President Lee Jae Myung. 2) She will become the first-ever female Prime Minister of South Korea. Which of the statements given above is/are correct?
Explanation: Statement 1 is correct as South Korean President Lee Jae Myung nominated her. Statement 2 is incorrect because she will become the second female Prime Prime Minister in South Korea's history; the first was Han Myeong-sook.
4. Which state has recently agreed to join the Ayushman Bharat PM-JAY, thereby completing its implementation across all 36 States and Union Territories in India?
Explanation: The Government of West Bengal is set to join Ayushman Bharat PM-JAY, becoming the 36th State/UT to implement the scheme, thereby establishing nationwide coverage.
5. According to the 3rd Synchronised Nilgiri Tahr Population Survey 2026, the Nilgiri Tahr is endemic to which of the following ecological regions?
Explanation: The Nilgiri Tahr is endemic to the Western Ghats and is found primarily in the states of Tamil Nadu and Kerala.
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