CURRENCY INFLATION MCQS SET 28

CURRENCY INFLATION MCQS SET 28

271) Which of the following accounts for Cost-Push Inflation?
A) Increase in money supply
B) Increase in indirect taxation
C) Increase in population
D) Increase in non-plan expenditure
Correct Answer: Increase in indirect taxation
   
272) Which of the following governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years?
A) Streamlined public distribution system
B) Enhanced rate of production of all consumer goods
C) Containing budgetary deficits and unproductive expenditure
D) Pursuing an export-oriented strategy
Correct Answer: Containing budgetary deficits and unproductive expenditure
   
273) Of the various ways of financing government's investment expenditure, the least inflationary is:
A) foreign aid
B) deficit financing
C) taxation
D) public borrowing
Correct Answer: taxation
   
274) 'Devaluation' means:
A) converting rupee into gold
B) lowering of the value of one currency in comparison of some foreign currency
C) making rupee dealer in comparison to some foreign currency
D) None of these
Correct Answer: lowering of the value of one currency in comparison of some foreign currency
   
275) Monetary policy is regulated by:
A) money lenders
B) Central Bank
C) private entrepreneurs
D) Government policy
Correct Answer: Central Bank

276) One-rupee currency notes bear the signature of:
A) Prime Minister of India
B) President of India
C) Finance Minister of India
D) Finance Secretary of India
Correct Answer: Finance Secretary of India   
 
277) Ten rupee notes bear the signature of:
A) President
B) Finance Minister
C) Secretary, Ministry of Finance
D) Governor, Reserve Bank of India
Correct Answer: Governor, Reserve Bank of India   
 
278) The special paper required for printing of currency notes by the Security Presses in the country is manufactured at:
A) Hyderabad
B) Kolkata
C) Hoshangabad
D) Dewas
Correct Answer: Hoshangabad
   
279) Which of the following mints undertakes refining of gold for licensed gold dealers and production of medals for defence services?
A) The Hyderabad Mint
B) The Mumbai Mint
C) The Kolkata Mint
D) None of the above
Correct Answer: The Mumbai Mint
   
280) For international payments, the Indian currency is linked to :
A) British Sterling
B) Gold Standard
C) American Dollar
D) None of the above
Correct Answer: American Dollar