2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 500
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Rs 1000
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Rs 55
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Rs 1
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Detailed explanation-1: -The Minister stated in response to another question that RBI has already rolled out a pilot in the retail version of the CBDC (e₹-R), on December 01, 2022. The e₹-R is in the form of a digital token that represents legal tender. It is being issued in the same denominations as the paper currency and coins.
Detailed explanation-2: -High denomination notes (Rs. 1, 000, 5, 000, and 10, 000) were reintroduced in 1954. High denomination notes were once again demonetised in 1978 for the same reasons as the 1946 demonetisation.
Detailed explanation-3: -The first banknotes issued in the New Series were the denominations of ₹500 and ₹2000, and are in circulation since 10 November 2016. While the ₹500 note is still being printed, the ₹2, 000 note was last issued dated 2017.
Detailed explanation-4: -New Indian Currency Note-Rs. The new 100-rupee currency notes bear the RBI Governor’s signature. The banknote’s colour is lavender, and its dimension is 142mm x 66mm. The note has a motif of the Rani ki Vav, a prominent Indian heritage site, on its reverse.
Detailed explanation-5: -30 September 2022 was the last day to use our paper £20 and £50 notes for retail purposes. However, there is no need to worry as withdrawn notes can always be exchanged at the Bank of England for new notes at any time after this date.