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036 - Indian Currency

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Question:

1. In which year was the decimalisation of the Indian currency done?
A 1947
B 1950
C 1957
D 1960

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Decimalisation is the process of converting an existing currency from traditional denominations to a decimal system. It was done in 1957 and the Indian rupee was converted to 100 "naye" paise. The "naye" before the paise was dropped in 1964.
Correct Answer: C
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Question:

2. The word rupee is derived from the word रौप्य (raupya) in Sanskrit. What does it mean?
A coin
B silver
C gold
D money

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Correct Answer: B
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Question:

3. What metal was used to make the rupee when it was first introduced in India in the 15th century?
A bronze
B copper
C nickel
D silver

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Correct Answer: D
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Question:

4. Every banknote has its amount written in __ languages.
A 13
B 17
C 20
D 22

Feedback:

The amount of a banknote is written on its front in English and Hindi and on its back in 15 other languages making the total as 17.
Correct Answer: B
Your Answer:
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Question:

5. Currency notes are printed by the RBI. What does 5th Pillar print?
A zero rupee note
B one rupee note
C two rupee note
D none of the above

Feedback:

Zero rupee notes are notes which appear similar to Indian fifty rupee notes but are not issued by the Indian government and hence not a legal currency. It contains the phrase I PROMISE TO NEITHER ACCEPT NOR GIVE BRIBE and is used to protest against officials who demand bribe! 5th Pillar is a NGO which prints and distributes these notes.
Correct Answer: A
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