BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4 paise
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16 paise
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50 paise
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100 paise
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Detailed explanation-1: -An anna (or ānna) was a currency unit formerly used in British India, equal to 1⁄16 of a rupee. It was subdivided into four (old) Paisa or twelve pies (thus there were 192 pies in a rupee). When the rupee was decimalised and subdivided into 100 (new) paise, one anna was therefore equivalent to 6.25 paise.
Detailed explanation-2: -A rupee had 16 annas, each anna had 4 pice or paisa and each pice had 3 pies. Thus, a rupee had 16 annas or 64 paisa or 192 pies.
Detailed explanation-3: -Normally, in the decimal coinage, it should convert into 25 naya paise, as four anna was a quarter of a rupee, which is now 100 naya paise.
Detailed explanation-4: -In 1957, India adopted the metric system of coinage whereby a rupee comprised 100 paise. Earlier, a rupee comprised 16 annas. With the new system coming into force, one anna consisted of 6 paise. Thus, 16 annas were equivalent to 96 paise or a rupee.