CURRENCY INFLATION MCQS SET 21

CURRENCY INFLATION MCQS SET 21

201) Consider the following statements
1. Paul A Samuelson is credited as the first economist to develop the theory of public goods.
2. Public good is a good that is non-rival and non excludable.
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
   
202) With reference to inflation in India, which of the following statement is correct?
A) Controlling the inflation in India is the responsibility of the Government of India only.
B) the Reserve Bank of India has no role in controlling the inflation.
C) Decreased money circulation helps in controlling the inflation.
D) Increased money circulation helps in controlling the inflation.
Correct Answer: Decreased money circulation helps in controlling the inflation.
   
203) Monetary system in India is managed by:
A) State Bank of India
B) Security and Exchange Board of India
C) Reserve Bank of India
D) Ministry of Finance
Correct Answer: Reserve Bank of India
   
204) Paper money in India comes in the denomination(s) of:
A) Rs.50
B) Rs.100
C) Rs.500
D) All of the above
Correct Answer: All of the above
   
205) In which of the following denomination(s) paper money in India is not printed?
A) Rs.50
B) Rs.100
C) Rs.200
D) Rs.500
Correct Answer: Rs.200

206) Which of the following acts govern the denominations of coins and bank notes to be issued in India?
A) Negotiable lnstrumentAct, 1881
B) Banking Regulation Act, 1949
C) The Bankers' Books Evidence Act. 1891
D) Reserve Bank of India Act. 1934
Correct Answer: Reserve Bank of India Act. 1934
   
207) Decimal coinage was introduced in India in the year:
A) 1850
B) 1957
C) 1955
D) 1960
Correct Answer: 1957   
 
208) Which of the following groups suffer the most from inflation?
A) Debtors
B) Creditors
C) Business class
D) Holders of real assets
Correct Answer: Creditors
   
209) The currency notes are printed in:
A) Mumbai
B) New Delhi
C) Jodhpur
D) Nasik
Correct Answer: Nasik
   
210) Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
A) 1000 rupee
B) 500 rupee
C) 100 rupee
D) All of the above
Correct Answer: All of the above