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