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