Consider the following statements:
The Osmania Sicca was a unique currency of the Hyderabad State.
The Hyderabadi Rupee was officially demonetised in 1959, having coexisted with the Indian Rupee.
Which of the above statements is/are correct?

Question

Statement 1 is correct: The Osmania Sicca was a distinctive form of currency used in the erstwhile Hyderabad State under the Nizam's rule.
Statement 2 is incorrect: The Hyderabadi Rupee was actually demonetised in 1951, not 1959. It was replaced by the Indian Rupee after the integration of Hyderabad with India in 1948.

Thus, only statement 1 is correct.

GKToday Admin · Accepted Answer

Only 1

Statement 1 is correct: The Osmania Sicca was a distinctive form of currency used in the erstwhile Hyderabad State under the Nizam's rule.
Statement 2 is incorrect: The Hyderabadi Rupee was actually demonetised in 1951, not 1959. It was replaced by the Indian Rupee after the integration of Hyderabad with India in 1948.

Thus, only statement 1 is correct.

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