wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

RBI has withdrawn the circulation of coins in the denomination of 1 paise, 2 paise, 3 paise, 5 paise, 10 paise, 20 paise and 25 paise in which year?

A
2010
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
2011
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
2012
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
2013
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B 2011
The Government of India has decided to withdraw coins of denomination of 25 paise and below from circulation with effect from June 30, 2011.
According to the Reserve Bank of India (RBI), Wednesday was the last day when the 25 paise coin held legal value. The coins of denomination of 25 paise and below will cease to be legal tender from June 30.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Financial Statements of NPO
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon