Home PYQs UPPSC UPPSC MCQs Prelims 1999 (GS Paper I)

Question

Which one of the following is not true for the "Euro" in 1999:

  1. It is a type of account
  2. It is means of deferred payments
  3. It is a means of payment
  4. It is in circulation

Answer:

Option D: It is in circulation

Detailed Solution:

The correct answer is “It is in circulation”.

In 1999, the "Euro" was introduced as the official currency of the Eurozone, but it was not yet in physical circulation.