HISTORY
MODERN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1947
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1949
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1950
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1955
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Detailed explanation-1: -India won its independence on August 15, 1947. During the period of transition, India retained the monetary system and the currency and coinage of the earlier period. India brought out its distinctive coins on 15th August 1950.
Detailed explanation-2: -The first rupee coins of the Republic of India were minted in 1950. These included 1/2 rupee, 1/4 rupee, 2 anna, 1 anna, 1/2 anna & 1 pice coins, and are referred to as the anna series or pre-decimal coinage. Under the anna series, one rupee was divided into 16 annas or 64 pice, with each anna equal to 4 pice.
Detailed explanation-3: -The Saka coinage of the Western Kshatrapas are perhaps the earliest dated coins, the dates being given in the Saka era which commences in AD 78. The Saka era represents the official calendar of the Indian Republic.