Discussions
Question
Economy and Banking
Trial of polymer banknotes will be conducted for which denominations in India?
भारत में किन मूल्यवर्ग के पॉलीमर नोटों का ट्रायल किया जाएगा?
Official answer & explanation
A
₹10 and ₹20
B
₹50 and ₹100
C
₹100 and ₹200
D
₹200 and ₹500
Why this is correct
The Government of India has approved the Reserve Bank of India's proposal to conduct field trials of polymer banknotes in the denominations of ₹10 and ₹20. Polymer notes are more durable, resistant to moisture and tearing, and have a longer lifespan than traditional paper currency. The RBI plans to issue one billion pieces each of ₹10 and ₹20 polymer notes during the trial phase before considering their regular circulation.
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