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Utkarshani posted an Question
September 06, 2020 • 00:01 am 5 points
  • UGC NET
  • Commerce

When was first paper currency started in india, the options are (a) 1542 (b) 1611 (c) 1705 (d) 1801

when was first paper currency started in India, the options are (a) 1542 (b) 1611 (c) 1705 (d) 1801

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  • Rucha rajesh shingvekar best-answer

    Sher Shah Suri, during his five-year rule from 1540 to 1545, set up a new civic and military administration and issued a coin of silver, weighing 178 grains, which was termed the Rupiya.The silver coin remained in use during the Mughal period, Maratha era as well as in British India.Among the earliest issues of paper rupees include the Bank of Hindostan (1770–1832), the General Bank of Bengal and Bihar (1773–75, established by Warren Hastings), and the Bengal Bank (1784–91). So the correct ans is option (a) 1542

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    thank you sir 😊

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