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Current Affairs January 2024

What is the correct answer?

4

Broad money in India is :

A. M1

B. M2

C. M3

D. M4

Correct Answer :

C. M3


Related Questions

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4

Inflation implies: [Railways 1994]

A. rise in budget deficit

B. rise in money supply

C. rise in general price index

D. rise in prices of consumer goods

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4

How many languages are used on a ten rupee note?

A. 2

B. 7

C. 10

D. 15

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4

Which of the following factors contributes to an inflationary trend?

A. 15% fall in production of industrial goods

B. 15% increase in prices of agricultural products

C. 15% increase in supply of money in the market

D. none of these

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4

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

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4

A steady increase in the general level of prices as a result of excessive increase in aggregate demand as compared to aggregate supply is termed as : [CDS 1999]

A. demand-pull inflation

B. cost-push inflation

C. stagflation

D. structural inflation

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4

The States' debt does not include:

A. loans from State Bank of India

B. loans from the Central Government

C. Provident Funds

D. treasury bills issued to international financial institutions

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4

When was the decimal system of currency introduced in India?

A. 1948

B. 1950

C. 1954

D. 1957

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4

Of the various ways of financing government's investment expenditure, the least inflationary is : [PCS 1994]

A. foreign aid

B. deficit financing

C. taxation

D. public borrowing

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4

Which of the following Mahatma Gandhi series of currency notes issued by the RBI has ecology depicted on it? [SSC Graduate 2003]

A. Rs. 500

B. Rs. 100

C. Rs. 50

D. Rs. 5

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4

The period of high inflation and low economic growth is termed as: [RRB 1992]

A. stagnation

B. take-off stage in economy

C. stagflation

D. none of these

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4

Inflation is caused as a result of:

A. increase in money supply

B. fall in production

C. increase in money supply without a corresponding increase in production

D. decrease in money supply without a corresponding decrease in production

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4

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

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4

Inflationary Gap is a situation characterized by:

A. excess of Aggregate Demand over Aggregate Supply at the full employment level

B. gap between Galloping Inflation and Runaway Inflation

C. Inflation coupled with recession

D. Inflation that usually prevails in a developing country

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4

Which of the following Mahatma Gandhi series of currency notes issued by the RBI has a drawing of the 'Parliament House' depicted on it? [SSC Graduate 2003]

A. Rs. 500

B. Rs. 100

C. Rs. 50

D. Rs. 10

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4

The terms of economics, the recession occurring two times with a small gap in between is known as [Bank of India PO 2010]

A. Double Deflation

B. Deflation

C. Deep Recession

D. None of these

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4

Among the causes of inflation can be listed:
1. slow growth in agricultural output
2. increasing non-development expenditure of Government
3. rapid population growth
4. rapid growth in costly imports

A. 1 and 2

B. 2 and 3

C. 1, 2, 3 and 4

D. 1 and 4 only

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4

The best means of saving during inflation is to keep:

A. money

B. Government Bonds

C. equity

D. time deposits with Banks

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4

For international payments, the Indian currency is linked to :

A. American Dollar

B. British Sterling

C. Gold Standard

D. None of the above

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4

Consider the following statements:
Full convertibility of the rupee may mean: [IAS 2002]
1. its free float with other international currencies.
2. its direct exchange with any other international currency at any prescribed place inside and outside the country.
3. it acts just like any other international currency.
Which of these statements are correct?

A. 1 and 2

B. 1 and 3

C. 2 and 3

D. 1, 2 and 3

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4

Among the remedies of inflation we cannot include:

A. better capacity utilisation

B. lowering bank rate

C. reducing budgetary deficit

D. an efficient public distribution system

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4

An essential attribute of inflation is:

A. fall in production

B. increase in prices

C. absence of black market

D. presence of black market

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4

Inflation can be contained by:

A. surplus budget

B. increase in taxation

C. reduction in public expenditure

D. all the above

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4

Consider the following statement:
The price of any currency in international market is determined by the:
1. WTO
2. Demand for goods/services provided by the country concerned
3. Inflation differential between the country concerned and its major trading partners
4. Stability of the government of the concerned country
Of these statements:

A. 1, 2, 3, and 4 are correct

B. 1, 2 and 4 are correct

C. 1, 3 and 4 are correct

D. 2, 3 and 4 are correct

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4

Which of the following accounts for Cost-Push Inflation?

A. Increase in money supply

B. Increase in indirect taxation

C. Increase in population

D. Increase in non-plan expenditure

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4

Deficit financing creates additional paper currency to fill the gap between expenditure and revenue. This device aims at economic development but if it fails, it generates : [IFS 1990]

A. inflation

B. devaluation

C. deflation

D. demonetization

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4

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

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4

Consider the following statements about Wholesale Price Index (WPI) :
1. It captures the price movement extensively and is, therefore, taken as an indicator of inflation.
2. The office of the Economic adviser (OEA) is entrusted with the function of compilation and publication of the weekly wholesale price index number in India.
Which of the statements given above is/are correct? [CDS 2009]

A. I only

B. II only

C. Both I and II

D. Neither I nor II

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4

Ten rupee notes bear the signature of:

A. President

B. Finance Minister

C. Secretary, Ministry of Finance

D. Governor, Reserve Bank of India

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4

Which of the following is incorrect about convertibility?

A. The exchange rate should be determined by the forces of demand and supply of the currency

B. The exchange rate' would indicate the strength of the economy

C. It would discourage black market transactions

D. The RBI will be a direct player now rather than being an indirect one

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4

The Indian Rupee is fully convertible:
1. In respect of Current Account of Balance of Payments
2. In respect of Capital Account of Balance of Payments
3. Into Gold
Which of these statements is/are correct ?

A. 1 only

B. 3 only

C. 1 and 2 only

D. 1, 2 and 3