GEOLOGY
ECONOMIC GEOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the currency in India?
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Dollars
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Yen
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Rupee
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Euro
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Explanation:
Detailed explanation-1: -The Indian rupee (symbol: ₹; code: INR) is the official currency in the Republic of India. 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.
Detailed explanation-2: -In 1947, the Indian rupee was equal to the dollar. However, since then, its devaluation has happened three times. Hence, as of 2022, the current rupee vs dollar value is 1 rupee = 0.013 dollars.
Detailed explanation-3: -A lakh (/læk, lɑːk/; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100, 000; scientific notation: 105).
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