CURRENCY INFLATION MCQS SET 22

CURRENCY INFLATION MCQS SET 22

211) Paper currency first started in India in:
A) 1542
B) 1601
C) 1769
D) 1862
Correct Answer: 1542
   
212) Foreign currency which has a tendency of quick migration is called:
A) Scarce currency
B) Hot currency
C) Soft currency
D) Gold currency
Correct Answer: Hot currency
   
213) The New Symbol of Indian Rupee is a blend of:
A) Devanagari letter (ra)
B) Latin capital letter “R"
C) Roman
D) Devanagari letter (ra) and the Latin capital letter “R"
Correct Answer: Devanagari letter (ra) and the Latin capital letter “R"
   
214) The “Mahatma Gandhi Series" of Indian currency notes was introduced in:
A) 1994
B) 1996
C) 2000
D) 2004
Correct Answer: 1996
   
215) The recently adopted Indian rupee symbol was designed by:
A) D. Udaya Kumar
B) D. Udaya Reddy
C) P. Chandrasekhar
D) Rashmita Kaur
Correct Answer: D. Udaya Kumar
 
216) Which of the following can be used for checking inflation temporarily?
A) Increase in wages
B) Decrease in money supply
C) Decrease in taxes
D) None of the above
Correct Answer: Decrease in money supply
   
217) Minimum inflation in post economic reform was in:
A) 1999 - 2000
B) 2000 - 01
C) 2001 - 02
D) 2002 - 03
Correct Answer: 1999 - 2000
   
218) Inflation implies:
A) rise in budget deficit
B) rise in money supply
C) rise in general price index
D) rise in prices of consumer goods
Correct Answer: rise in general price index
   
219) In which year the Victoria Portrait series of bank notes was issued in India in honour of Queen Victoria during British era?
A) 1858
B) 1860
C) 1863
D) 1867
Correct Answer: 1867   
220) The symbol chosen for the paper currency in India after independence was:
A) King George VI
B) The Lion Capital at Sarnath
C) Mahatma Gandhi
D) Jawaharlal Nehru
Correct Answer: The Lion Capital at Sarnath