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When was the decimal coinage system introduced in India?

  1. A
    1st July, 1947
  2. B
    31st July, 1950
  3. C
    1st April, 1957
  4. D
    1st April, 1960

Solution & Step-by-step Explanation

India shifted from the old coinage system (Rupee, Anna, Paisa) to the decimal coinage system on 1st April, 1957, where 1 Rupee was divided into 100 Naye Paise.

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When was the decimal coinage system introduced in India?
A
1st July, 1947
B
31st July, 1950
C
1st April, 1957
D
1st April, 1960

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Indian CurrencyEconomic HistoryMonetary System

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