GK
CURRENCIES OF THE WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In India, fixed fiduciary system of note issue was in force from -
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1816 - 1920
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1920 - 1945
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1930 - 1938
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1940 - 1952
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Explanation:
Detailed explanation-1: -India followed this system in 1862-1920. The object of fixed fiduciary system was to ensure absolute convertibility of note-issue and to regulate the paper currency so as to avoid inflation and equate the internal and external values of the currency.
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