The first decimal issue of coins in India, in 1957, consisted of
Answer: B
It was 1, 2, 5, 10, 25 and 50 naye paise together with the one rupee.
The 1957 series ran from the one naya paisa in bronze to the fifty and the rupee in nickel, all marked naye paise to distinguish them from the annas still in circulation.
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In India the RBI began production of notes in 1938, issuing 2, 5, 10, 1000 notes. 500 note was re-introduced again in-
Answer: C
It was 1987.
The 500-rupee note returned in October 1987, the highest denomination then in circulation, after inflation had made the existing notes inconvenient for large payments.
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In India, coins bearing the hand motif have been minted since
Answer: C
Since 2005.
The hand motif appears on the commemorative and circulation coins issued from that year, part of the redesign that also brought in new metal compositions for the smaller denominations.
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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 It was withdrawn again in the demonetisation of November 2016.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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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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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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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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What is the currency of United Kingdom?
Answer: D
It is pound sterling.
Sterling is the oldest currency still in use. The United Kingdom kept it when the euro was introduced, having negotiated an opt-out at Maastricht.
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Which is the currency of Belgium ?
Answer: A
It is the euro.
Belgium was among the first eleven countries to adopt the euro in 1999, replacing the Belgian franc. Brussels is the seat of the European Commission and Council.
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