Top 80+ Solved Currency and Inflation MCQ Questions Answer
Q. 'Devaluation' means: [RRB 1992]
a. converting rupee into gold
b. lowering of the value of one currency in comparison of some foreign currency
c. making rupee dealer in comparison to some foreign currency
d. None of these
Q. Monetary policy is regulated by:
a. money lenders
b. Central Bank
c. private entrepreneurs
d. Government policy
Q. One-rupee currency notes bear the signature of:
a. Prime Minister of India
b. President of India
c. Finance Minister of India
d. Finance Secretary of India
Q. Ten rupee notes bear the signature of:
a. President
b. Finance Minister
c. Secretary, Ministry of Finance
d. Governor, Reserve Bank of India
Q. Which of the following prints currency notes of the denomination of Rs. 100?
a. The Bank Note Press, Dewas
b. The Indian Security Press, Nasik Road
c. The Security Printing Press, Hyderabad
d. All of the above
Q. The highest denomination of currency notes in circulation as legal tender in India is at present:
a. Rs. 50
b. Rs.100
c. Rs. 500
d. Rs.1000
Q. The special paper required for printing of currency notes by the Security Presses In the country is manufactured at :
a. Hyderabad
b. Kolkata
c. Hoshangabad
d. Dewas
Q. Which of the following mints undertakes refining of gold for licensed gold dealers and production of medals for defence services?
a. The Hyderabad Mint
b. The Mumbai Mint
c. The Kolkata Mint
d. None of the above
Q. To meet the growing needs for coins in the country, where does the Governmentpropose to set up another mint?
a. Nasik
b. Hoshangabad
c. Dewas
d. Noida
Q. For international payments, the Indian currency is linked to :
a. American Dollar
b. British Sterling
c. Gold Standard
d. None of the above
Q. Convertibility of the rupee implies: [IAS 1994]
a. being able to convert rupee notes into gold
b. freely permitting the conversion of rupee to other major currencies and vice versa
c. allowing the value of the rupee to be fixed by market forces
d. developing an international market for currencies in India
Q. Black money is :
a. counterfeit currency
b. illegally earned money
c. money earned through underhand deals
d. income on which payment of tax is usually evaded