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Important Facts about Indian Currency, Free Study Material, Download Pdf

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Indian Currency: If you are aspiring to sit for any Govt exam this year, you need to start preparing right now.

As you know the competition is really very tough. So you need to prepare in a proper manner in order to succeed in Exams.

Before Preparing for any exam, it is important to know which type of exam you are preparing for. You should have complete knowledge about the Question pattern and the Selection Procedure.

General Awareness Section is one of the most important topics for all competitive exams. So start preparing right now and leads ahead of millions of students.

In this article, we are covering the Indian Currency. It is one of the most important topics for exams.

We have also provided a pdf of Indian Currency for the candidate’s reference.

So candidates can download our list for their preparation to score more marks in Indian Currency related questions.

The PDF download link for Indian Currency is given below.

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Indian Currency: The 1st use of paper currency found in china (806 AD)

Contents

Indian Currency During 1540-1545

Silver coin- issued by Sher Shah Suri. It remained in use during the Mughal period, Maratha era, and British India.

Indian Currency During 1770-1832

Earliest paper rupees issued by Bank of Hindustan, Bank of Bengal, Bank of Bombay and Bank of Madras.

The paper currency act of 1861 gave the British govt. the monopoly to issue notes in India.

Indian Currency During 1935-2016

1 April 1935 – RBI Establishment

Reserve bank of India is setup.

RBI act 1934- section 22- power to RBI

On January 1938

1st note of Rs 5 issued by the RBI

In Feb-June 1938

Rs 10, Rs 100, Rs 1000 and Rs 10000 issued.

12th August 1946

Rs 500, Rs 1000 and Rs 10000 notes were demonetised to control black money.

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1950

First post-independence coin issued.

1954

Rs 1000, Rs 500 and Rs 10000 reintroduced

1957

Rupee was decimalised and divided into 100 paise.

Aluminium one, two, three, five, and ten coin introduced

1967

Size of notes reduced

16 Jan 1978

Denomination higher than rs. 100 demonetised again to control the menace of black money.

1988

Stainless steel coins of 10, 25, 50 paise introduced

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1996

The mahatma Gandhi series of notes issued.

July 2010

New symbol ‘Rs’ is officially adopted. It was given by Uday kumar.

2011

25 paise coin and all paise coins below it demonetised

Nov 2016

Rs. 500 and Rs. 1000 notes discontinued and new Rs. 500 and Rs. 2000 notes Introduced.

New Notes in Indian Currency System

2000 Rupees NOTE

Colour- Magenta

Images- Mangalyaan

Logo- Swachh Bharat 2000 Rupees NOTE

Aabhiyaan

Language- 17

Size- 66 mm * 166 mm

Printed- 8 nov 2016

500 Rupees NOTE

Colour- Stone Grey

Images- Red Fort

Logo- Swachh Bharat Aabhiyaan

Language- 17

Size- 66 mm * 150 mm

Printed- 8 nov 2016

50 Rupees NOTE

Colour- Fluorescent Blue

Images- Hampi with chariot

Logo- Swachh Bharat Aabhiyaan

Language- 17

Size- 66 mm * 135 mm

Printed- 18 Aug 2017

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10 Rupees NOTE

Colour- Chocolate Brown

Images- Sun Temple, Konark

Logo- Swachh Bharat Aabhiyaan

Language- 17

Size- 63 mm * 123 mm

Printed- 5 Jan 2018

200 Rupees NOTE

Colour- Light Yellow

Images- Sanchi ka stup

Logo- Swachh Bharat Aabhiyaan

Language- 17

Size- 66 mm * 146 mm

Printed- 25 Aug 2017

When was Rs 200 note issued by RBI?

Rs 200 note was issued by RBI in 25 aug 2017

What is the name of the 1st bank which issued paper notes?

The 1st bank which issued paper notes is Bank of Hindustan

RBI issues currency notes under the which System?

Fixed minimum reserve system

What is the relationship b/w the value of money and the price level in an economy is?

The relationship b/w the value of money and the price level in an economy is Inverse.

Under the minimum reserve system, the RBI as the sole authority of note issue is required to maintain assets worth not less than what amount?

Under the minimum reserve system, the RBI as the sole authority of note issue is required to maintain assets worth not less than 200 crore.

Which of the Mahatma Gandhi series of currency notes issued by the RBI has ecology depicted on it?

Rs. 100 currency notes issued by the RBI have ecology depicted on it.

Which of Mahatma Gandhi series of currency notes issued by RBI has a drawing of parliament house depicted on it?

Rs. 50 currency notes issued by RBI has a drawing of parliament house depicted on it

Who was RBI Governor during 1st demonetization in 1978?

I.G. Patel was the RBI Governor during 1st demonetization in 1978.

Originally what was Rupiya?

Currency introduced by Sher Shah Suri is known as Rupiya.

Govt mints are located in which places?

Kolkata (West Bengal)
Mumbai (Maharashtra)
Hyderabad (Andhra Pradesh)
Noida (Uttar Pradesh)
Nasik (Maharashtra)
Dewas (Madhya Pradesh)
India Security Press, Nashik (Maharashtra)
Security Paper Mill, Hoshangabad (Madhya Pradesh)
Security Printing Press, Hyderabad (Andhra Pradesh)

What is the Base color of new Rs. 500 bank note?

The Base color of new Rs. 500 bank note is Stone grey.

1st printing press for bank note in india was established at?

Nasik

The Indian currency system was converted into a decimal system by ______which was brought into force 1st April 1957?

The Indian currency system was converted into a decimal system by Indian coinage act 1955 which was brought into force 1st April 1957.

Distribution and administration of all currency is done by the _______as an agent of the GOI?

Distribution and administration of all currency is done by the RBI as an agent of the GOI

In which year Paper currency in India was introduced by the British govt?

In 1861 Paper currency in India was introduced by the British govt.

What is the Dimension of Rs. 10 new note?

The Dimension of Rs. 10 new note is 63*123

Which note contain Image of red fort in it?

Rs. 500 contain Image of red fort in it.

Whose signature is on Rs 1 note?

Finance minister Signs Rs 1 note.

Which was the largest denomination currency note in india?

10,000 was the largest denomination currency note in India.

When did RBI print the Rs 5 paper currency for the first time?

1938

When did the Indian govt issue Rs 10000 currency note for the 1st time?

The Indian govt issue Rs 10000 currency note for the 1st time in 1889.

When was the 1st currency coin issued in India after independence?

The 1st currency coin issued in India after independence in 1950.

When were the Rs 2.5 notes printed in India?

Rs 2.5 notes printed in India in 1917.

When were the Rs 5000 and 10000 notes issued by RBI for the 1st time after independence?

Rs 5000 and 10000 notes issued by RBI for the 1st time after independence in 1954.

How many times demonetisation has taken place in independent india?

Demonetization has taken place 2 time in independent India.

Which currency notes were banned during the time of 1st demonetisation?

The following currency notes were banned during the time of 1st demonetization:
500, 1000, 10000

When was the announcement made for the 1st demonetization?

The announcement made for the 1st demonetization in 1978.

During which PM reign was 1st demonetisation implemented?

1st demonetisation was implemented during Morarji desai Reign.

When did 2nd demonetisation takes place after independence?

The 2nd demonetisation takes place after independence in 2016.

Demonetisation was implemented in which prior to india’s independence?

1946

Currency notes issued before independence were officially discarded on?

Currency notes issued before independence were officially discarded on 1957.

100 paise makes 1 rupee this statement was implemented in which year?

100 paise makes 1 rupee this statement was implemented in the year 1957.

From when were the currency notes having the face of Mahatma Gandhi issued?

The currency notes having the face of Mahatma Gandhi issued was introduced in 1996.

In how many languages in the value written on an Indian currency note?

17 languages are written on an Indian currency note.

When was the rupee sign printed on a coin for the 1st time?

The rupee sign was printed on a coin for the 1st time in 2011.

When did the indian govt officially discarded 25 paise?

the indian govt officially discarded 25 paise in 2011.

What is the name of the person who made the rupee symbol?

The name of the person who made the rupee symbol is Uday kumar.

When were Rs 500 notes issued in india for the 1st time?

Rs 500 notes issued in india for the 1st time in 1907.

When was Rs 1000 note issued in India for the 1st time?

Rs 1000 note issued in India for the 1st time in 1909.

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