Coins
“THE NEED AND USE BEHAVIOR FOR SMALL DENOMINATION COINS” A study commissioned by Reserve Bank of India
July 2005
BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE Pilani, Rajasthan – 333 031
RBI: Need and Use Behavior for Coins________________________________________ ACKNOWLEDGEMENT
We thank Reserve Bank of India and the Deputy Governor, Smt K.J. Udeshi for entrusting the assignment to us.
We are grateful to Shri P.K. Biswas, Executive Director for sparing time during the assignment and providing us with valuable feedback and guidance on the project. Shri P.K. Biswas and officers in the Department of Currency Management gave us valuable feedback and guidance on the Research Design and the questionnaire.
We are extremely grateful to Shri U.S. Paliwal, Chief General Manager, Mr Sarangi, Deputy General Manager and the other officers in the Department of Currency Management for their administrative support.
We are equally thankful to the Banking personnel who had responded to our interviews. We are extremely grateful to the public who willingly participated in the interviews and were patient enough to respond to our questions. We are thankful to our local guides particularly in our survey in interior places.
We are indeed obliged to the our field research staff for assisting in primary data collection, the research assistants who carried out the data entry, the Production Unit for bringing out the report in time and to the Secretarial staff for their valuable assistance.
SANAL KUMAR VELAYUDHAN
July 2005
__________________________________________________________BITS-Pilani
RBI: Need and Use Behavior for Coins________________________________________ CONTENTS
Item
Executive Summary 1. The study on “Need and Use behavior for Small Denomination coins” a. Focus of the study b. Research Issues 2. Methodology a. Research Design b. Development of Measures c. Pre-testing of Questionnaire d. Sampling Section A: Data and Analysis Combined for
July 2005
BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE Pilani, Rajasthan – 333 031
RBI: Need and Use Behavior for Coins________________________________________ ACKNOWLEDGEMENT
We thank Reserve Bank of India and the Deputy Governor, Smt K.J. Udeshi for entrusting the assignment to us.
We are grateful to Shri P.K. Biswas, Executive Director for sparing time during the assignment and providing us with valuable feedback and guidance on the project. Shri P.K. Biswas and officers in the Department of Currency Management gave us valuable feedback and guidance on the Research Design and the questionnaire.
We are extremely grateful to Shri U.S. Paliwal, Chief General Manager, Mr Sarangi, Deputy General Manager and the other officers in the Department of Currency Management for their administrative support.
We are equally thankful to the Banking personnel who had responded to our interviews. We are extremely grateful to the public who willingly participated in the interviews and were patient enough to respond to our questions. We are thankful to our local guides particularly in our survey in interior places.
We are indeed obliged to the our field research staff for assisting in primary data collection, the research assistants who carried out the data entry, the Production Unit for bringing out the report in time and to the Secretarial staff for their valuable assistance.
SANAL KUMAR VELAYUDHAN
July 2005
__________________________________________________________BITS-Pilani
RBI: Need and Use Behavior for Coins________________________________________ CONTENTS
Item
Executive Summary 1. The study on “Need and Use behavior for Small Denomination coins” a. Focus of the study b. Research Issues 2. Methodology a. Research Design b. Development of Measures c. Pre-testing of Questionnaire d. Sampling Section A: Data and Analysis Combined for