In India, fixed fiduciary system of note issue was in force from -
Answer: A
From 1861 to 1920.
Under the fixed fiduciary system the government could issue notes up to a fixed amount against government securities, and beyond that only against an equal value of gold and silver. It was replaced by the proportional reserve system, and that in turn by the minimum reserve system in 1957.
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What is the national currency of Nepal?
Answer: D
It is the Nepalese rupee.
The Nepalese rupee has been pegged to the Indian rupee at 1.6 to 1 since 1993, and Indian notes circulate freely in Nepal apart from the larger denominations.
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Who decides the quantity of coins to be minted in India?
Answer: A
It is the government of India.
Coins are issued by the government under the Coinage Act, and it decides the quantity to be minted; the Reserve Bank is only the distributing agent. Notes are the Reserve Bank's, except the one-rupee note, which is the government's.
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Which is the official language of "Cambodia"?
Answer: A
It is Khmer.
Khmer is an Austroasiatic language and its script, derived from the Pallava script of south India, has the largest alphabet in the world - 74 letters. It is not tonal, unlike Thai and Vietnamese.
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What is the national currency of Sudan?
Answer: A
It is the Sudanese pound.
The pound returned in 2007 under the Comprehensive Peace Agreement, replacing the dinar. South Sudan issued its own pound on independence in 2011.
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What is the national currency of United Kingdom?
Answer: A
It is pound sterling.
Sterling is the oldest currency still in use, dating from Anglo-Saxon England. Scotland and Northern Ireland have banks issuing their own sterling notes, which are not legal tender even there but are accepted by custom.
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In India the RBI began production of notes in 1938, issuing 2, 5, 10, 1,000 notes. 1,000 note was re-introduced again in
Answer: B
It was 2000.
The 1,000-rupee note returned in November 2000, having been demonetised in 1978 along with the 5,000 and 10,000 notes. It was withdrawn again in the demonetisation of November 2016.
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Under the Bretton Woods system, as a member of the IMF, India declared the par value of the rupee in terms of
Answer: B
It was in terms of gold.
Under Bretton Woods each member declared a par value for its currency in gold or in US dollars of the 1944 gold content. India declared the rupee's par value in gold, and the system held until the dollar's convertibility ended in 1971.
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Which is the currency of Botswana?
Answer: A
It is the pula.
Pula means rain in Setswana, and is also the national motto - rain being the scarcest thing in a country that is largely Kalahari. It is divided into 100 thebe, meaning shield.
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The decimal system of note and coin issue was started in India in______-.
Answer: D
It was 1957.
Decimal coinage began on 1 April 1957, dividing the rupee into 100 naye paise. The old anna coins remained legal tender alongside them until 1964.
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