{"id":86908,"date":"2025-06-01T04:23:09","date_gmt":"2025-06-01T04:23:09","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=86908"},"modified":"2025-06-01T04:23:09","modified_gmt":"2025-06-01T04:23:09","slug":"which-one-of-the-following-was-one-of-the-major-currencies-in-circulat","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-was-one-of-the-major-currencies-in-circulat\/","title":{"rendered":"Which one of the following was one of the major currencies in circulat"},"content":{"rendered":"

Which one of the following was one of the major currencies in circulation in India when the East India Company first considered the introduction of a uniform currency?<\/p>\n

[amp_mcq option1=”Awadh Silver Rupee” option2=”Arcot Silver Rupee” option3=”The Madras Silver Rupee” option4=”Sindh Rupee” correct=”option2″]<\/p>\n

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This question was previously asked in<\/div>\n
UPSC Geoscientist – 2022<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
Arcot Silver Rupee was one of the major currencies in circulation in India when the East India Company first considered the introduction of a uniform currency.<\/section>\n
Before the standardization efforts by the East India Company, India had multiple regional currencies. The Arcot Rupee, issued by the Nawab of Arcot, was widely circulated in South India and formed the basis for the initial coinage introduced by the Madras Presidency before the eventual adoption of a uniform rupee standard across British India.<\/section>\n
The East India Company aimed to establish a uniform currency system based on the silver rupee, which was finally achieved with the Coinage Act of 1835, leading to the introduction of the Company Rupee based on the standard weight and purity of the Farakhabad Rupee (a variant of the Mughal rupee) and incorporating features from other prevalent coins like the Arcot Rupee.<\/section>\n","protected":false},"excerpt":{"rendered":"

Which one of the following was one of the major currencies in circulation in India when the East India Company first considered the introduction of a uniform currency? [amp_mcq option1=”Awadh Silver Rupee” option2=”Arcot Silver Rupee” option3=”The Madras Silver Rupee” option4=”Sindh Rupee” correct=”option2″] This question was previously asked in UPSC Geoscientist – 2022 Download PDFAttempt Online … <\/p>\n

Detailed SolutionWhich one of the following was one of the major currencies in circulat<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1091],"tags":[1108,1264,1124],"class_list":["post-86908","post","type-post","status-publish","format-standard","hentry","category-upsc-geoscientist","tag-1108","tag-economic-impact-of-british-rule-on-india","tag-modern-history-of-india","no-featured-image-padding"],"yoast_head":"\nWhich one of the following was one of the major currencies in circulat<\/title>\n<meta name=\"description\" content=\"Arcot Silver Rupee was one of the major currencies in circulation in India when the East India Company first considered the introduction of a uniform currency. Before the standardization efforts by the East India Company, India had multiple regional currencies. 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Before the standardization efforts by the East India Company, India had multiple regional currencies. 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