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Bihar Police Constable Model Paper 4
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© examsnet.com
Question : 51
Total: 100
The word Rupee is derived from the Sanskrit word 'Rupya' which means______.
Gold
Bronze
Platinum
Silver
Validate
Solution:
Paper currency was first introduced in India by the British.
The word Rupee is derived from the Sanskrit word 'Rupya' which means Silver.
Arthashastra, written by Chanakya mentions silver coins as 'Rupyarupa'.
The Rupee was first minted during Shershah Shuri's reign.
The Indian Rupee is the official currency of India.
The issuance of the currency in India is controlled by the Reserve Bank of India.
Indian Rupee became an independent currency with the establishment of the Reserve Bank of India in 1935.
The new rupee sign (₹) was designed by D. Udaya Kumar in 2010.
The new rupee sign was derived from the combination of the Devanagari consonant and the Latin capital letter "R".
The currency series of banknotes are called the Mahathma Gandhi series, introduced in 1996.
The government of India announced the demonetization of ₹500 and ₹1,000 banknotes on 8 November 2016.
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