036 - Indian Currency

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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

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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
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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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Quiz Info

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Author:	Mohan Sundararaju
Date:	Aug-25-2010
Level:	Easy-Medium

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