CURRENCY INFLATION MCQS SET 23

CURRENCY INFLATION MCQS SET 23

221) Which of the following website has recently been launched by the Reserve Bank of India to raise awareness of counterfeit currency among users of the Indian Rupee?
A) Jago Grahak
B) Apka Apna Paisa
C) Paisa-Bolta-Hai
D) Pehechano Paiseko
Correct Answer: Paisa-Bolta-Hai
   
222) Which section of the Reserve Bank of India Act 1934 states that the Reserve Bank is the sole authority for issue of currency in India?
A) Section 19
B) Section 20
C) Section 21
D) Section 22
Correct Answer: Section 22   
 
223) Devaluation of a currency means:
A) reduction in the value of a currency vis-a-vis major internationally traded currencies
B) permitting the currency to seek its worth in the international market
C) fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
D) fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
Correct Answer: reduction in the value of a currency vis-a-vis major internationally traded currencies
   
224) India changed over to the decimal system of coinage in:
A) 1/1/1995
B) 4/1/1957
C) 3/1/1958
D) 5/1/1959
Correct Answer: 4/1/1957
   
225) In how many languages the denomination is printed on the language panel of a currency note?
A) 15
B) 16
C) 17
D) 18
Correct Answer: 15

226) The association of the rupee with pound sterling as the intervention currency was broken in:
A) 1989
B) 1990
C) 1992
D) 1995
Correct Answer: 1992
   
227) The currency convertibility concept in its original form originated in:
A) Bretton Woods Agreement
B) Taylors Agreement
C) Wells Agreement
D) All of the above
Correct Answer: Bretton Woods Agreement   
 
228) If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be:
A) Zero
B) Equal to government income
C) Negative
D) Larger than government income
Correct Answer: Equal to government income
   
229) An essential attribute of inflation is:
A) fall in production
B) absence of black market
C) increase in prices
D) presence of black market
Correct Answer: increase in prices
   
230) Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
A) 100 rupee
B) 500 rupee
C) 1000 rupee
D) All of the above
Correct Answer: All of the above