English: Reading Comprehension Set 20

Directions: Read the following passage and answer the questions that follows.

July 15, 2010 turned out to be a historic day, as the Indian rupee got much awaited symbol, just like other leading currencies of the world, viz Dollar, Euro, Pound Sterling and the Yen. The new symbol of rupee is an amalgamation of Devanagari ‘Ra’ and the Roman ‘R’ without the stem. Till now, the rupee was written in various abbreviated forms in different languages.

The new symbol designed by IIT Bombay post-graduate shri D Udaya Kumar was approved by the Union Cabinet on July 15. “It is a big statement on the Indian currency. The symbol would lend a distinctive character and identity to the currency and further highlight the strength and global face of the indian economy,” said Information and Broadcasting minister Smt. Ambika Soni, while briefing the media on the Cabinet decision.

The new symbol will not be printed or embossed on currency notes or coins, but it would be included in the ‘Unicode Standard’ to ensure that it is easily displayed and printed in the electronic and print media.The encoding of the rupee symbol in the Indian standards is estimated to take about six months while encoding in the Unicode and ISO/IEC 10646 will take about 18 months to two years. It will also be incorporated in software packages and keyboards for use in India.

On March 5, 2009 the Government announced a contest to create a symbol, which would reflect and capture the Indian ethos and culture. Over 3000 entries were received, which were evaluated by a jury headed by the deputy governor, RBI, which also included experts from three reputed art and design institutes. The Jury selected five entries to the Govt. to take a final decision.

Shri Udaya Kumar’s entry was the ‘Best of Five’. He will get an award of Rs. 2.5 Lakh and more than an incredible fame, as the designer of the rupee symbol. “My design is a perfect blend of Indian and Roman letters— capital ‘R’ and devanagari “Ra” which represents rupiah, to appeal to international and Indian audiences. .. It is based on the tricolour, with two lines at the top and white space in between.”a visibly-happy kumar said.

The genesis of the word ‘rupee’ is in the sanskrit word ‘raupya’ which means silver. Indian Rupee is variously called ‘rupaya’ in Hindi, ‘rupiya’ in Gujarati’, ‘roopayi’ in ‘Telugu’ and ‘kannada’.’rubai’ in Tamil and ‘rupyakam’ in sanskrit. However in Eastern India it is called ‘Taka/Toka’ in Bengali and assamese and ‘tanka’ in Oriya.

India stands among the earliest to issue coin, and a result it has seen a wide range of monetary units throughout its history. There is some historical evidence to show that coins may have been introduced the first time some time between 2500 and 1750 BC.

  1. Who is the Union Information and broadcasting Minister ?
    A) Smt Sushma Swaraj
    B) Smt Meera Kumar
    C) Smt Pratibha Devisingh Patil
    D) Smt Ambika Soni
    E) None of these
    View Answer
      Option D
  2. What is the Importance of 15 July in the history of Indian rupee?
    A) The new Rupee symbol replaced the old.
    B) The international community approved the Rupee symbol.
    C) The cabinet approved the much-awated Rupee symbol.
    D) Both (1) and (3)
    E) None of these.
    View Answer
      Option C
  3. Which of the following countries has a currency symbol ?
    A) China
    B) France
    C) Singapore
    D) Germany
    E) not mentioned
    View Answer
      Option E
  4. Who has designed the newly approved Rupee symbol?
    A) A teacher posted IIT Bombay
    B) Mr. Udaya Kumar of Maharashtra
    C) Mr D Udaya Kumar a postgraduate
    D) Information and Broadcasting Minister.
    E) None of these
    View Answer
      Option C
  5. The new design of rupees “₹” finds its origin in
    A) Devanagri
    B) Roman
    C) Devanagri and Sanskrit
    D) devanagri and Roman
    E) None of these
    View Answer
      Option D
  6. What is the importance of new Rupee symbol?
    A) It highlights the strength of the Indian economy.
    B) Now Indian rupee gets value like Dollar, Pound Sterling, Euro Yen
    C) Now most of the the foreign countries will maintain their foreign exchages reserves in Rupees.
    D) Now it will be a fully convertible currency.
    E) None of these
    View Answer
      Option A
  7. Where is the genesis of the term ‘rupees’?
    A) It has been derived from Sanskrit word ‘Raupaya’.
    B) It finds its origin in the term ‘Raupaya’ of Hindi.
    C) ‘Rupiyo’ in Gujarati
    D) ‘Roopayi’ in Tamil and Kannada
    E) None of these
    View Answer
      Option A
  8. What does ‘Raupaya’ mean in Sanskrit?
    A) NGold
    B) Diamond
    C) Silver
    D) Bronze
    E) None of these
    View Answer
      Option C
  9. What is Rupee called in Oriya?
    A) Taka
    B) Toka
    C) Rupyakam
    D) Tanka
    E) None of these
    View Answer
      Option D
  10. When was the first coin introduced?
    A) Between 250 and 750 BC
    B) Between 2500 and 1750 AD
    C) Between 250 and 759 AD
    D) Between 2500 and 1750 BC
    E) None of these
    View Answer
      Option D
  11. When was the process to develop a new rupee symbol initiated?
    A) 15 July 2010
    B) 5 June 2009
    C) 5 March 2009
    D) 31 January 2010
    E) None of these
    View Answer
      Option C
  12. Which among the following methods did the govt. Adopt to get the new symbol?
    A) All the leading artists were asked to design
    B) A contest was announced for the purpose
    C) The contestants were interviewed
    D) The governor of RBI was asked to decide the process.
    E) None of these
    View Answer
      Option B
  13. What do the two lines of the esign mean?
    A) They reflect the federal structure of the govt.
    B) They reflect the mixed structure of Indian Economy
    C) They reflect the new liberlised Indian economy
    D) they reflect the true-colour Indian flag
    E) None of these
    View Answer
      Option D
  14. How many designs were sent to the Govt. For approval?
    A) 3000
    B) 2000
    C) 10 out of 3000
    D) 5 out of more than 3000
    E) None of these
    View Answer
      Option D

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3 Thoughts to “English: Reading Comprehension Set 20”

  1. -HOPE- (dipankar)


  2. जय तिवारी IPS??


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