Multiple choice general knowledge

When did Government of India first started paper currency?

  1. 1850

  2. 1857

  3. 1861

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Government of India first started issuing paper currency in 1861 under the Paper Currency Act of that year. Before this, currency consisted primarily of coins and banknotes issued by private banks. The 1861 Act authorized the government to issue paper money, and the first notes were printed by the Bank of England. This marked the beginning of formalized government paper currency in colonial India. The year 1861 is the correct answer.

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