BANKING AFFAIRS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Coins upto what amount are called RS.small coins’ in India?
A
25 paise
B
50 paise
C
1 rupee
D
2 rupee
Explanation: 

Detailed explanation-1: -Coins up to 50 paise are called ‘small coins’ and coins of Rupee one and above are called ‘Rupee Coins’. Coins can be issued up to the denomination of ₹1000 under The Coinage Act, 2011. 2.

Detailed explanation-2: -The Indian 50 paisa coin, popularly called Athanni, is a denomination of the Indian rupee, equal to half a rupee, that is very rarely found in everyday circulation. Currently it is the lowest circulating denomination of the Indian rupee. The symbol for paisa is ( ).

Detailed explanation-3: -Complete step-by-step solution: Here we have to find the number of 50 paise coins, which will be equal to Rs. 10. We know that 1 Rupees is equal to 100 paise.

Detailed explanation-4: -The coins of 25 paise and 50 paise are legal tender and will continue to be so.

Detailed explanation-5: -Expert-Verified Answer There are two 50 paise coin in one rupee. So, 50 paise is half of one rupee.

There is 1 question to complete.