Paper currency in India began with the advent of ___________.

Portuguese

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French

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British

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None of the above

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Solution

The correct option is C British
In the earlier times, coins made of gold, silver, bronze, and copper were used as the medium of exchange. It is only after the advent of British to India that paper currency came into existence.

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Q17. Consider the following statements about Currency Wars:

1. A currency war refers to a situation where a number of nations seek to deliberately depreciate the value of their domestic currencies.

2. Currency wars are also known as competitive devaluations.

Which of the above statements are correct?

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