Question

FIVE SENTENCES ON CURRENCY

Answer 1

1. The first banknote printed in independent India was a one rupee note.

2. The Coinage Act of 2011 allows issuing of coins up to a denomination of Rs. 1000.

3. The word ‘rupee’ comes from the Sanskrit word ‘raupya’. The meaning of which is silver.

4. The current series of bank notes are called Mahatma Gandhi Series.

5. The Mahatma Gandhi series of notes were introduced in 1996