Discussion
Choose the correct option with respect to New Bank Paper Unit.
Answer: A
The correct statement is that the unit was established in SPMCIL, Hoshangabad, Madhya Pradesh.
The new bank note paper line was set up at the Security Paper Mill, Hoshangabad (now Narmadapuram), a unit of the Security Printing and Minting Corporation of India Ltd (SPMCIL), and was commissioned in 2015 so that more of the paper for Indian currency notes could be made in the country instead of imported.
A paper mill makes the paper; it does not issue notes. Currency notes are issued by the Reserve Bank of India, and one-rupee notes by the Government of India, so the options about issuing 1 or 2 rupee notes describe something no paper unit does. That also rules out the last option, which only negates the first two.
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