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.100 Rs. 500 Rs.1000 2. 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 developing an international market for currencies in India being able to convert rupee notes into gold 3. To meet the growing needs for coins in the country, where does the Government Nasik Dewas Noida Hoshangabad 4. For international payments, the Indian currency is linked to : None of the above Gold Standard British Sterling American Dollar 5. income on which payment of tax is usually evaded illegally earned money income on which payment of tax is usually evaded money earned through underhand deals counterfeit currency 6. 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 7. How many languages are used on a ten rupee note? 7 15 10 2 8. 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 9. The special paper required for printing of currency notes by the Security Presses In the Hoshangabad Hyderabad Kolkata Dewas 10. 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 Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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