When was decimal coinage introduced in India?
- AJuly 1, 1947
- B31st July, 1950
- CApril 1, 1957
- DApril 1, 1960
Solution & Step-by-step Explanation
Decimal coinage was officially introduced in India on April 1, 1957, through the Indian Coinage (Amendment) Act, 1955. This reform changed the system from the old breakdown where 1 rupee was equal to 16 annas or 64 pice, to a modern metric division where 1 rupee is divided into 100 naye paise.