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Current Affairs January 2024

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4

How many languages are used on a ten rupee note?

A. 2

B. 7

C. 10

D. 15

Correct Answer :

D. 15


Related Questions

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4

The effect of inflation on tax revenue results in a situation known as :

A. stagflation

B. fiscaldrag

C. reflation

D. disinflation

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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

The cause of inflation is:

A. increase in money supply

B. fall in production

C. increase in money supply and fall in production

D. decrease in money supply and fall in production

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4

A high rate of inflation tends to worsen balance of payments because:

A. prices of imported goods rise

B. prices of exported goods rise making exports less competitive

C. prices of imported goods fall and hence more is imported

D. prices of exported goods fall and hence less amount is obtained in terms of foreign exchange

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4

Who among the following are not protected against inflation.? [Railways 1992]

A. Salaried class

B. Industrial workers

C. Pensioners

D. Agricultural farmers

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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

Which of the following measures should be taken when an economy is going through inflationary pressures?
1. The direct taxes should be increased.
2. The interest rate should be reduced.
3. The public spending should be increased
Select the correct answer using the code given below: [CDS 2012]

A. 1 only

B. 2 only

C. 2 and 3

D. 1 and 2

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4

Devaluation of currency by a country is meant to lead to :
1. expansion of import trade
2. promotion of import substitution
3. expansion of export trade

A. 1 only

B. 2 and 3

C. 1 and 2

D. 1 and 4

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4

Who among the following is most benefitted from inflation? [IAS 1989]

A. Government pensioners

B. Creditors

C. Savings Bank Account holders

D. Debtors

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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

The inflation experienced in the country at present is:

A. galloping inflation

B. secondary inflation

C. unrealistic inflation

D. cost-push inflation

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4

There are three major groups of commodities in the Wholesale Price Index. These are:
1. primary articles
2. fuel, power, light and lubricants
3. manufactured products
4. food articles and industrial raw materials

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 3 and 4

D. 1 and 3

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4

Hard Currency is defined as currency:

A. which can hardly be used for international transactions

B. which is used in times of war

C. which loses its value very fast

D. traded in foreign exchange market for which demand is persistently relative to the supply

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4

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India? [IAS 2004]

A. Chemicals other than fertilizers

B. Services sector

C. Food processing

D. Telecommunication

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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

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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

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

Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes? [Punjab & Sindh Bank 2011]

A. USD

B. JPY

C. Euro

D. None of these

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4

Which of the following is wrongly matched?

A. Depression: Insufficient demand causing large scale unemployment of men and machinery over a long period of time

B. Recession: Reduction in demand and production/ investment over a short period of time

C. Stagflation: slow pace of economic activity due to falling prices

D. Boom: Rapid and all-round spurt in economic activity

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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

Which of the following governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years?

A. Containing budgetory deficits and unproductive expenditure

B. Streamlined public distribution system

C. Enhanced rate of production of all consumer goods

D. Pursuing an export-oriented strategy

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4

M1 includes:

A. currency with public

B. demand deposit with bank

C. other deposits with RBI

D. all of the above

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4

When was decimal coinage introduced in India? [CDS 2005]

A. 1947

B. 1950

C. 1957

D. 1960

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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

Which of the following is/are treated as artificial currency? [IAS 2010]

A. ADR

B. GDR

C. SDR

D. Both ADR and SDR

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4

The situation with increasing unemployment and inflation is termed as: [CPO AC 2003]

A. hyperinflation

B. galloping inflation

C. stagflation

D. reflation

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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

Rising prices lead to all but one of the following:

A. promotion of inequalities

B. generation of black money

C. adverse effect on balance of payments

D. adverse effect on speculation

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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