SSC economy quiz 12 September 22, 2018 September 22, 2018 Please enter your email: 1. income on which payment of tax is usually evaded counterfeit currency money earned through underhand deals income on which payment of tax is usually evaded illegally earned money 2. The highest denomination of currency notes in circulation as legal tender in India is at Rs.1000 Rs.100 Rs. 500 Rs. 50 3. How many languages are used on a ten rupee note? 2 15 10 7 4. For international payments, the Indian currency is linked to : British Sterling Gold Standard American Dollar None of the above 5. 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 6. 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 7. 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 8. The special paper required for printing of currency notes by the Security Presses In the Kolkata Hyderabad Hoshangabad Dewas 9. To meet the growing needs for coins in the country, where does the Government Noida Hoshangabad Dewas Nasik 10. 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 Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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