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