Discussion
When was the Decimal currency system introduced in India?
Answer: D
Correct answer: April 1957
The decimal system took effect on 1 April 1957, replacing the old division of the rupee into 16 annas, each of 12 pies, with 100 naye paise to the rupee.
The change was authorised by the Indian Coinage (Amendment) Act 1955, which is why 1955 appears among the options - but the Act's enabling and the currency's actual introduction are two years apart, and the question asks for the latter. The word naya was dropped in 1964, once the public had grown used to the new coins.
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