16. Paper money was first introduced in
17. The currency notes in India are printed by
18. The current interest rates of post office savings is
19. Plastic money is also known as
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16. Paper currency first developed in Tang dynasty China during the 7th century, although true paper money did not appear until the 11th century, during the Song dynasty.
17.Two of the currency note printing presses are owned by the Government of India and two are owned by the Reserve Bank, through its wholly owned subsidiary, the Bharatiya Reserve Bank Note Mudran Ltd. (BRBNML). The government owned presses are at Nasik (Western India) and Dewas (Central India).
18.Post office time deposit rates across tenures have been reduced by 0.40- 1.1% and will earn in the range of 4.4- 5.3%. Here is a look at the interest rates on various small savings schemes had the rate cut stayed.
19.Credit card is also known as plastic money.
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