History of Indian currency: Identify the year when paper currency first started in India. Context: Consider the statutory beginning of government-issued paper money in British India. Choose the correct year.

Given data

• Topic: Introduction of paper currency in India.
• Task: Pick the year of formal commencement.

Concept / Approach The Paper Currency Act, 1861 vested the Government of India with the monopoly of note issue, marking the formal start of government paper currency in India.

Option analysis 1835: Pre-dates the Act; not the formal start. 1861: Correct; year of the Paper Currency Act. 1905/1935: Important years in monetary history (e.g., 1935 RBI Act era), but not the start of paper currency.

Final Answer 1861.