New RBI Grade B Notification Coming Soon... Prepare with Us!! Click here to enroll

    Register

    Question

    Which denomination notes will be introduced as plastic currency in India?

    A Rs. 5 Correct Answer Incorrect Answer
    B Rs.10 Correct Answer Incorrect Answer
    C Rs.20 Correct Answer Incorrect Answer
    D Rs.50 Correct Answer Incorrect Answer
    E Rs.10 and Rs.20 Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) will conduct five-city trials of a new polymer-based Rs. 10 banknotes, the government said in Parliament, declaring a move to introduce plastic money to fight counterfeiting and reduce wear and tear. Plastic notes were first adopted by Australia in 1988 and are now used in more than 20 countries. These are smaller and stronger than cotton-based paper notes, with more security features that make them harder to counterfeit. A billion 10-rupee plastic notes would be introduced for field trials in five cities - Kochi, Mysore, Jaipur, Shimla and Bhubaneswar

    Practice Next
    ×
    ×