Explanation: The Indian Rupee sign (₹) is a symbol that represents the Indian currency. It was officially adopted in 2010 and designed by D. Udaya Kumar, an Indian graphic designer. The design of the symbol is a combination of the Devanagari letter "Ra" and the Roman numeral "R," symbolizing the country's cultural heritage and its economic aspirations.
The process of designing the Indian Rupee sign began with a nationwide competition organized by the Ministry of Finance in 2009. The competition was open to all Indian citizens, and the design had to meet certain criteria, such as being simple, easily recognizable, and suitable for use in both digital and print media. The design by Uday Kumar was chosen from over 3,000 entries and was officially adopted in 2010.
The symbol's design is a blend of traditional and modern elements. The Devanagari letter "Ra" represents the cultural heritage of India, while the Roman numeral "R" symbolizes the country's economic aspirations. The combination of these two elements creates a unique and distinctive symbol that is easily recognizable and reflects the identity of the Indian currency.
The adoption of the Indian Rupee sign was a significant step in modernizing the country's currency and enhancing its global recognition. It also marked a shift towards a more unified and standardized representation of the Indian currency, which was previously represented by a variety of symbols and abbreviations.
Understanding the design and adoption of the Indian Rupee sign is important for students preparing for competitive examinations such as UPSC, SSC, and banking exams, as it is a part of the broader knowledge of Indian symbols and cultural heritage. The correct answer to the question is (B) Uday Kumar, as he is the designer of the Indian Rupee sign.