CURRENCY INFLATION MCQS SET 09

CURRENCY INFLATION MCQS SET 09

81) Consider the following statements
1. The printing of notes is the total management of Reserve Bank of India.
2. The volume of rupee coins and smaller coins are controlled by the Ministry of Finance.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Only 1
   
82) Consider the following statements
1. During inflation, RBI increases the Cash Reserve Ratio.
2. During deflation, RBI increases the cash Reserve Ratio.
Which of the above statements is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) None of them
Correct Answer: Only 1
   
83) Consider the following transactions
1. Payment between Nepal and India.
2. Payment between Bhutan and India.
Which of the payments given above is/are the payments not eligible for settlement though the Asian Clearing Union?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Both 1 and 2
   
84) What are the scheme to reduce interest burden of the State Government in India through gradual conversion of high cost debt into a low cost debt is known as?
A) Debt-swap scheme
B) Debt-write off scheme
C) Grants-in-aid scheme
D) Debt consolidation scheme
Correct Answer: Debt-swap scheme
   
85) Which one of the following is the correct sequence of the countries having Foreign Exchange Reserve from high to low?
A) China - Russia - India - France
B) China - France - India - Russia
C) France - China - Russia - India
D) France - China - India - Russia
Correct Answer: China - Russia - India - France

86) Match List I with List II and select the correct answer using the codes given below
List I      List II
(Committees)      (Chaired by)
A. Balance of Payments and Foreign Investment      1. Rakesh Mohan
B. Public Sector Enterprise Autonomy      2. Arjun Sen Gupta
C. Small Scale Industries       3. Rangarajan
D. Infrastructure Development       4. Abid Hussain
Below the Codes are given in A B C D order
A) 2 4 3 1
B) 3 2 4 1
C) 4 3 1 2
D) 4 1 3 2
Correct Answer: 3 2 4 1
   
87) Where is India's modernised currency notes press situated ?
A) Nasik
B) Mysore
C) Hoshangabad
D) Hyderabad
Correct Answer: Mysore
   
88) Who was the first Governor of RBI ?
A) CD Deshmukh
B) Sir James Taylor
C) PC Bhattacharya
D) Sir Osbornesmith
Correct Answer: Sir Osbornesmith
   
89) Which one the following is the proposed currency of the Gulf Cooperation Council (GCC)?
A) Khaleeji
B) Sucre
C) Minar
D) None of these
Correct Answer: Khaleeji
   
90) Consider the following statements
1.Good money is money that shows little difference between its face value of the coin and its commodity value.
2. Bad money is money that has a commodity value considerably less than its face value.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Both 1 and 2