₹500 Notes Dominate Indian Currency System, Contributing Over 85% of Total Value in FY26
In monetary terms, the total valuation of ₹500 notes spiked to ₹35.27 lakh crore in FY26, compared to ₹31.72 lakh crore in FY25.
By volume, ₹500 banknotes comprised 41.2% of the overall currency pool, while by value, they commanded a massive share of over 85% of total banknotes in circulation.
Exam Perspective: Aspirants must keep track of currency metrics as they reflect the cash dependency index and liquidity management dynamics within the Indian economy.
Key Facts / Static GK
Practice Quiz — 5 June 2026
Q1. Consider the following statements regarding the recent United Nations Security Council (UNSC) elections: 1. Austria, Kyrgyzstan, Portugal, Trinidad and Tobago, and Zimbabwe have been elected as non-permanent members. 2. Their two-year term will commence on 1 January 2027. 3. They will replace members including Denmark, Greece, and Pakistan. Which of the statements given above are correct?
Q2. What is the maximum subsidy amount provided to households for installing a rooftop solar system of 3 kW or more under the PM Surya Ghar: Muft Bijli Yojana?
Q3. With reference to Flex-Fuel Vehicles (FFVs) in India, consider the following statements: 1. They can operate on fuel blends ranging from E20 to E100. 2. The country's first flex-fuel passenger car is developed by Maruti Suzuki. Which of the statement(s) is/are correct?
Q4. Which central ministry has launched 'Mission Senehjori' to transform Assam's Muga Silk into a global luxury brand?
Q5. The Critical Minerals Global Supply Chain Observatory (GSCO) was recently established as a joint bilateral initiative between India and which other country?
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