2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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200
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300
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400
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500
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Detailed explanation-1: -The first series of notes, originally issued in 2002, is gradually being replaced by the Europa series. All the notes are legal tender throughout the euro area.
Detailed explanation-2: -There are seven denominations of banknotes of legal tender in the euro zone: €5, €10, €20, €50, €100, €200 and €500, and their design follows the same patterns. Nowadays, two series of banknotes coexist in circulation.
Detailed explanation-3: -The €500 banknote, like the other denominations of euro banknotes, will always retain its value and can be exchanged at the national central banks of the Eurosystem for an unlimited period of time.
Detailed explanation-4: -500 Euro banknotes are taken out of circulation This is because of the high value of the Euro 500 bill. At today’s Euro exchange rate in India, the Euro 500 note is worth more than Rs. 40, 000. Imagine a suitcase of Euro 500 bills.