Indian Currency: If you are aspiring to sit for any Govt exam this year, you need to start preparing right now.
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In this article, we are covering the Indian Currency. It is one of the most important topics for exams.
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Indian Currency: The 1st use of paper currency found in china (806 AD)
Contents
- 1 Indian Currency During 1540-1545
- 2 Indian Currency During 1770-1832
- 3 Indian Currency During 1935-2016
- 4 New Notes in Indian Currency System
- 5 When was Rs 200 note issued by RBI?
- 6 What is the name of the 1st bank which issued paper notes?
- 7 RBI issues currency notes under the which System?
- 8 What is the relationship b/w the value of money and the price level in an economy is?
- 9 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?
- 10 Which of the Mahatma Gandhi series of currency notes issued by the RBI has ecology depicted on it?
- 11 Which of Mahatma Gandhi series of currency notes issued by RBI has a drawing of parliament house depicted on it?
- 12 Who was RBI Governor during 1st demonetization in 1978?
- 13 Originally what was Rupiya?
- 14 Govt mints are located in which places?
- 15 What is the Base color of new Rs. 500 bank note?
- 16 1st printing press for bank note in india was established at?
- 17 The Indian currency system was converted into a decimal system by ______which was brought into force 1st April 1957?
- 18 Distribution and administration of all currency is done by the _______as an agent of the GOI?
- 19 In which year Paper currency in India was introduced by the British govt?
- 20 What is the Dimension of Rs. 10 new note?
- 21 Which note contain Image of red fort in it?
- 22 Whose signature is on Rs 1 note?
- 23 Which was the largest denomination currency note in india?
- 24 When did RBI print the Rs 5 paper currency for the first time?
- 25 When did the Indian govt issue Rs 10000 currency note for the 1st time?
- 26 When was the 1st currency coin issued in India after independence?
- 27 When were the Rs 2.5 notes printed in India?
- 28 When were the Rs 5000 and 10000 notes issued by RBI for the 1st time after independence?
- 29 How many times demonetisation has taken place in independent india?
- 30 Which currency notes were banned during the time of 1st demonetisation?
- 31 When was the announcement made for the 1st demonetization?
- 32 During which PM reign was 1st demonetisation implemented?
- 33 When did 2nd demonetisation takes place after independence?
- 34 Demonetisation was implemented in which prior to india’s independence?
- 35 Currency notes issued before independence were officially discarded on?
- 36 100 paise makes 1 rupee this statement was implemented in which year?
- 37 From when were the currency notes having the face of Mahatma Gandhi issued?
- 38 In how many languages in the value written on an Indian currency note?
- 39 When was the rupee sign printed on a coin for the 1st time?
- 40 When did the indian govt officially discarded 25 paise?
- 41 What is the name of the person who made the rupee symbol?
- 42 When were Rs 500 notes issued in india for the 1st time?
- 43 When was Rs 1000 note issued in India for the 1st time?
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.
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
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
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 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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Last Updated: July 7,2020 12:00:28 AM