Current Affairs 2nd Class

Category : 2nd Class

Money

Synopsis 

• In India, the unit of money is RUPEE.

• 100 paise make 1 Rupee. 50 paise make half a rupee.

• Symbol for Rupee is Rs. Symbol for paise is p.

• Rupees and paise are separated by a dot.

• The figures on the left of the dot (.) denote Rupees, and the figures on the right of the dot (.) denote paise.

• To convert rupees to paise, multiply by 100. g., Rs. 11.50 = 11.50 \[\times \] 100 = 1150 p

• To convert paise to rupees, divide by 100,

• g,, 1250 p = 1250 \[\div \,\] 100 = Rs. 12.50

e.g., 50 p = Rs.  0.50