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.100 Rs. 500 2. To meet the growing needs for coins in the country, where does the Government Dewas Nasik Hoshangabad Noida 3. The special paper required for printing of currency notes by the Security Presses In the Dewas Kolkata Hoshangabad Hyderabad 4. 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’ would indicate the strength of the economy The exchange rate should be determined by the forces of demand and supply of the currency 5. income on which payment of tax is usually evaded counterfeit currency income on which payment of tax is usually evaded money earned through underhand deals illegally earned money 6. The Issue Department of the RBI maintains a _______ against printing of notes: Proportional Reserve System Proportional Foreign Securities Reserve System Minimum Reserve System Proportional Gold Reserve System 7. For international payments, the Indian currency is linked to : British Sterling None of the above American Dollar Gold Standard 8. Convertibility of the rupee implies: developing an international market for currencies in India being able to convert rupee notes into gold 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 9. Which of the following mints undertakes refining of gold for licensed gold dealers and None of the above The Kolkata Mint The Hyderabad Mint The Mumbai Mint 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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