Multiple choice

Directions: Choose the correct option for the given question: What did the government of India do for the first time in 1861.........

  1. Issue coin currency

  2. Issue 10-rupee note

  3. Issue 10-paisa coin

  4. Issue Paper currency
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Paper Currency Act of 1861 gave the Government of India the monopoly to issue paper currency in India, replacing the notes previously issued by private or presidency banks.

Keep practicing — related questions