CURRENT AFFAIRS

Detailed explanation-1: -The correct answer is Rs 100 currency notes. People in India most prefer the Rs 100 denomination banknotes, while Rs 2,000 are least preferred. This was revealed in a Reserve Bank of India survey of a diverse sample of 11,000 respondents revealed. Among coins, Rs 5 is most preferred, whereas Re 1 is least preferred.

Detailed explanation-2: -The Reserve Bank of India’s Banknote Survey of Consumers’ findings revealed that, among banknotes, Rs. 100 was the most preferred while Rs. 2,000 was the least preferred denomination.

Detailed explanation-3: -What was the highest denomination note ever printed? The highest denomination note ever printed by the Reserve Bank of India was the ₹10000 note in 1938 which was demonetized in January 1946. The ₹10000 was again introduced in 1954. These notes were demonetized in 1978.

Detailed explanation-4: -The Reserve Bank of India (RBI) prints and manages currency in India, whereas the Indian government regulates what denominations to circulate. The Indian government is solely responsible for minting coins. The RBI is permitted to print currency up to 10,000 rupee notes.

Detailed explanation-5: -Rupees Five - First Note issued by Reserve Bank of India This was followed by Rs 10 in February, Rs 100 in March and Rs 1,000 and Rs 10,000 in June 1938.