SSC economy quiz 12 September 22, 2018 September 22, 2018 Please enter your email: 1. Convertibility of the rupee implies: 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 developing an international market for currencies in India 2. The highest denomination of currency notes in circulation as legal tender in India is at Rs. 500 Rs.1000 Rs. 50 Rs.100 3. How many languages are used on a ten rupee note? 10 15 2 7 4. 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 5. To meet the growing needs for coins in the country, where does the Government Nasik Dewas Noida Hoshangabad 6. income on which payment of tax is usually evaded money earned through underhand deals counterfeit currency illegally earned money income on which payment of tax is usually evaded 7. Which of the following mints undertakes refining of gold for licensed gold dealers and The Kolkata Mint The Mumbai Mint The Hyderabad Mint None of the above 8. The Issue Department of the RBI maintains a _______ against printing of notes: Proportional Foreign Securities Reserve System Proportional Gold Reserve System Proportional Reserve System Minimum Reserve System 9. The special paper required for printing of currency notes by the Security Presses In the Hyderabad Dewas Hoshangabad Kolkata 10. For international payments, the Indian currency is linked to : American Dollar British Sterling None of the above Gold Standard Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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