Indian-Economy
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Q.

When did India shift to decimal system of coinage:

 A.

March 1948

 B.

March 1950

 C.

April 1957

 D.

April 1960

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Solution:
Option(C) is correct

In 1957, India shifted to the decimal system, but for a short period both decimal and non-decimal coins were in circulation. To distinguish between the two pice, the coins minted between 1957 and 1964 have the legend "Naya Paisa".

The denominations in circulation were 1, 2, 3, 5, 10, 20, 25, 50 (naya) paise and one rupee which remained as the same pre-decimal value. Therefore pre-decimal coins of one, half and quarter rupees could remain in circulation after decimalisation


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