A 'vehicle currency' is a dominant currency extensively used in international trade and financial transactions. It serves as an intermediary for payments when the currencies of the involved parties are not easily convertible or when a stable, widely accepted currency is preferred.
Key currencies like the US Dollar (USD) and the Euro (EUR) frequently function as vehicle currencies due to their global significance and stability.
The US Dollar is most commonly recognized as the quintessential vehicle currency. Since the USD is absent from the provided options, and the question asks for the currency specifically known as 'vehicle currency', the listed choices are not the definitive answer.
Given that the most recognized vehicle currency (USD) is not listed, and the other options (Euro, Yen, Pound) function as vehicle currencies but aren't singularly identified as the vehicle currency in the context often implied by the term, 'None of the above' is the appropriate selection.
Match List I with List II :
List I Indian Notes (New Currency) | List II Pictures |
| (A) ₹10 | (I) Ellora Caves |
| (B) ₹100 | (II) Konark, Sun Temple |
| (C) ₹500 | (III) Rani Ki Vav |
| (D) ₹20 | (IV) Red Fort |
Choose the correct answer from the options given below :
In which year was the Reserve Bank of India established?