Which of the following coins does not exist in Indian Currency?
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Answer:
The cancelled ₹500 and ₹1000 notes are no longer exchangeable at any bank in India: they have since March 2017 effectively lost all monetary value.
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TL;DR it does not solve any purpose.
Simple logic behind the coins manufacturing is ,
It should be a denomination that is easy for calculation
There should be minimum coins which can be used extensively to represent any amount.
Lets say 3 rs is there. What is it's purpose? you can replace it by the following way ( one one rupee and one two rupee)
3 = 1 x 1 + 1 x 2
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