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Question

Decimal coinage was introduced in the year

A
1950
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B
1955
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C
1957
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D
1960
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Solution

The correct option is C 1957

Indian coinage went decimal on April 1, 1957, ten years after it gained Independence from the British. The value of the pound itself was unchanged by decimalisation.) The first decimal coins – the five pence (5p) and ten pence (10p) — were introduced in 1968 in the run-up to decimalisation in order to familiarise the public with the new system. The “decimal coins” are the currently circulating coins in India. As opposed to the pre-decimal coinage, these coins follow the equation of. 1 Rupee = 100 Paise.


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