Modern Currency

Q. How are ancient coins different from modern coins?

1. Ancient coins were the mark of the government.
2. Ancient coins were used during the rule of the government.
3. Ancient coins were made of gold and silver.
4. Ancient coins were fixed in weight, size, and shape.

Q.

Punch marked coins were made of _______.

Q. Why do you think metals were used to make coins?

1. Metals are durable
2. Metals are sturdy
3. Metals are malleable
4. Metals have a shiny texture

Q. coins were in use during the reign of the Mughals.

1. Gold
2. Silver
3. Copper
4. Bronze

Q. The term rupiya is derived from the word rupya, which means _________.

1. copper coin
2. silver coin
3. gold coin
4. bronze coin

Q. Who authorises the Indian currency?

1. Prime Minister of India
2. World Bank
3. Reserve Bank of India
4. Government of India

Q. The Reserve Bank of India issues notes and coins on behalf of the state banks.

1. False
2. True

Q. Identify the bank that issues currency notes and coins in India.

1. State Bank of India
2. Indian Bank
3. Reserve Bank of India
4. Money Bank of India

Q. Identify the role of the official seal on metallic coins.

1. To serve as a mark of the government issuing the coins
2. To ornately decorate the coins
3. To mark the owner of the coins
4. To assure value within a kingdom

Q. Peter Printing Press printed Indian rupee notes for the people of its village. Comment on the validity of these notes.

1. The notes can be exchanged for the legal Indian rupee notes.
2. The notes can serve as money for the village.
3. The notes can be used as currency throughout the country.
4. The notes will be considered fake.