GENERAL KNOWLEDGE

Detailed explanation-1: -Complete answer: The first paper currency note, i.e. the 10 rupees’ note was introduced by the Government of India in the year 1861.

Detailed explanation-2: -The first U.S. coins were struck in 1793 at the Philadelphia Mint and presented to Martha Washington. The government did not issue paper money until 1861.

Detailed explanation-3: -The first recorded use of paper money was purported to be in the country of China during the 7th century A.D. as a means of reducing the need to carry heavy and cumbersome strings of metallic coins to conduct transactions.