SSC economy quiz 12 September 22, 2018 September 22, 2018 Please enter your email: 1. The highest denomination of currency notes in circulation as legal tender in India is at Rs. 50 Rs.1000 Rs. 500 Rs.100 2. To meet the growing needs for coins in the country, where does the Government Nasik Dewas Noida Hoshangabad 3. income on which payment of tax is usually evaded income on which payment of tax is usually evaded money earned through underhand deals counterfeit currency illegally earned money 4. Convertibility of the rupee implies: developing an international market for currencies in India allowing the value of the rupee to be fixed by market forces being able to convert rupee notes into gold freely permitting the conversion of rupee to other major currencies and vice versa 5. For international payments, the Indian currency is linked to : American Dollar British Sterling Gold Standard None of the above 6. Which of the following is incorrect about convertibility? The exchange rate should be determined by the forces of demand and supply of the currency The RBI will be a direct player now rather than being an indirect one The exchange rate’ would indicate the strength of the economy It would discourage black market transactions 7. Which of the following mints undertakes refining of gold for licensed gold dealers and The Hyderabad Mint The Kolkata Mint The Mumbai Mint None of the above 8. The Issue Department of the RBI maintains a _______ against printing of notes: Minimum Reserve System Proportional Reserve System Proportional Foreign Securities Reserve System Proportional Gold Reserve System 9. The special paper required for printing of currency notes by the Security Presses In the Hyderabad Dewas Kolkata Hoshangabad 10. How many languages are used on a ten rupee note? 10 7 15 2 Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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