In which of the following years India switched over to decimal currencies ?

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Q: 36 (CDS-I/2007)
In which of the following years India switched over to decimal currencies ?

question_subject: 

Polity

question_exam: 

CDS-I

stats: 

0,7,17,5,7,8,4

keywords: 

{'decimal currencies': [0, 0, 1, 0], 'years india': [0, 0, 1, 0]}

The correct answer is option 2, 1957. This means that India switched over to decimal currencies in the year 1957.

Option 1, 1955, is incorrect.

Option 3, 1960, is incorrect.

Option 4, 1956, is incorrect.

It is important to note that before the switch to decimal currencies, India used a system where the currency was divided into paise. However, in 1957, India adopted a decimal system where the currency was divided into 100 paise. This change was made to align with the international decimal currency system.