GENERAL KNOWLEDGE

Detailed explanation-1: -In 1957, India shifted to the decimal system, but for a short period both decimal and non-decimal coins were in circulation. To distinguish between the two, the coins minted between 1957 and 1964 have the legend “Naya Paisa” (“new” paisa). The denominations in circulation were 1, 2, 5, 10, 20, 25, 50 paise and 1 rupee .

Detailed explanation-2: -The committee then put plans in place to introduce the new currency. Decimal Day was set for 15 February 1971, when the new coins would be introduced. It was a momentous day for the national currency, and the beginning of a period of planning and changes for The Royal Mint.

Detailed explanation-3: -Aryabhata and other mathematicians of ancient India first adopted the decimal system of numbers and place value system writing numbers the way we do today.

Detailed explanation-4: -The Decimal system of currency was introduced in India on April 1, 1957. A decimal currency system means that each currency unit can be divided into 100 sub-units. India switched from the rupee, anna, and pi system to a decimal currency in 1957.