1. The major aim of devaluation is to :
(1) Encourage exports
(2) Encourage imports
(3) Encourage both exports and imports
2. Which amongst the following currencies is the costliest?
(1) French Franc (2) Swiss Franc
(3) Euro (4) Pound Sterling
3. Which of the following Mahatma Gandhi series of currency notes issued by the RBI has ‘ecology’ depicted on it?
(1) Rs. 500/- (2) Rs. 100/-
(3) Rs. 50 / - (4) Rs. 5/-
4. Which of the following Mahatma Gandhi series currency notes issued by the RBI has a drawing of the ‘Parliament House’ depicted on it?
(1) Rs. 500/- (2) Rs. 100/-
(3) Rs. 50 / - (4) Rs. 5/-
5. Inflation is caused by:
(1) Increase in supply of goods
(2) Increase in cash with the Government
(3) Decrease in money supply
(4) Increase in money supply
6. Devaluation usually causes the internal prices to :
(1) Fall
(2) Rise
(3) Remain unchanged
(4) None of these
7. Currency notes Rs. 2 denomination and above are liabilities of:
(1) Government of India
(2) Reserve Bank of India
(3) State Bank of India
(40 All of the above
8. Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issue is required to maintain assets worth not less than:
(1) 85 crore of rupees
(2) 115 crore of rupees
(3) 200 crore of rupees
(4) 210 crore of rupees
9. In India, one- rupee coins and notes and subsidiary coins are issued by:
(1) The Reserve Bank of India
(2) The Central Government
(3) The State Bank of India
(4) The Unit Trust of India
10. New Capital issue is placed in:
(1) Primary market
(2) Secondary market
(3) Grey market
(4) Black market
11. The process of curing inflation by reducing money supply is called:
(1) Cost- push inflation
(2) Down- pull inflation
(3) Disinflation
(4) Reflation
12. Long term funds in the capital market can be raised either by borrowing from certain institutions or through:
(1) issue of note
(2) taking loan from Government
(3) Issue of securities
(4) taking loan from foreign institutions
13. What is the name given to the common currency of European Union?
(1) Rupee (2) Rouble
(3) Franc (4) Euro
14. Devaluation of currency leads to:
(1) expansion of export trade
(2) contraction of import trade
(3) expansion of import substitution
(4) all of the above
15. The currency of Thailand is :
(1) Bhat (2) Rupiah
(3) Yuan (4) Yen
ANSWERS:
1. | 1 | 11. | 3 |
2. | 4 | 12. | 3 |
3. | 2 | 13. | 4 |
4. | 3 | 14. | 4 |
5. | 4 | 15. | 1 |
6. | 3 | ||
7. | 2 | ||
8. | 2 | ||
9. | 2 | ||
10. | 1 | ||
No comments:
Post a Comment