When was the decimal system of currency introduced in India?
(A) 1947
(B) 1952
(C) 1950
(D) 1957
Question Asked : SSC Junior Engineer (Civil) Exam 2018
Explanation : The 1955 Indian Coinage (Amendment) Act, which came into force on April 1, 1957, introduced a ‘decimal series’. The rupee was now divided into 100 paisainstead of 16 annas or 64 pice. The coins were initially called naye paise, meaning new paise, to distinguish them from the previous coins.
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