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