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