BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs. 1000
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Rs. 10
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Rs. 100
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Rs. 50
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Detailed explanation-1: -An Act to consolidate the laws relating to coinage and the Mints, the protection of coinage and to provide for the prohibition of melting or destruction of coins and prohibit the making or the possession thereof for issue and for matters connected therewith or incidental thereto.
Detailed explanation-2: -Detailed Solution. The correct answer is Rs. 10, 000. The highest denomination currency note ever printed by the Reserve Bank of India was a note of 10, 000 during the British Raj in 1938.
Detailed explanation-3: -The rupee is subdivided into 100 paise (singular: paisa), though as of 2023, coins of denomination of 1 rupee are the lowest value in use whereas 2000 rupees is the highest. The issuance of the currency is controlled by the Reserve Bank of India.
Detailed explanation-4: -The Federal Reserve Board currently issues $1, $2, $5, $10, $20, $50, and $100 notes. The largest denomination Federal Reserve note ever issued for public circulation was the $10, 000 note.