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