Question : The Coinage Act of 2011 allows the issue of coins up to the denomination of lNR ______ in India.
Option 1: 5,000
Option 2: 100
Option 3: 500
Option 4: 1,000
Correct Answer: 1,000
Solution : The correct answer is 1,000 .
India now issues coins in the following denominations: fifty paise, one rupee, two rupees, five rupees, ten rupees, and twenty rupees. Small coins are those that are up to fifty paise, and rupee coins are those that are one rupee or more. The Coinage Act of 2011 allows coins up to a denomination of ₹1000 to be produced.
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