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Current Affairs January 2024

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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

Correct Answer :

D. all of the above


Related Questions

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4

The sum of which of the following constitutes Broad Money in India? [IAS 1997]
1. Currency with the public
2. Demand deposits with banks
3. Time deposits with banks
4. Other deposits with RBI
Choose the correct answer using the codes given below:

A. 1 and 2

B. 1, 2 and 3

C. 1, 2, 3 and 4

D. 1, 2 and 4

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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

'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

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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

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

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

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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

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

Consider the following statements:
The price of any currency in international market is decided by the [IAS 1998]
1. World Bank
2. Demand for goods/services provided by the country concerned
3. stability of the government of the concerned country
4. economic potential of the country in question
Of these statements:

A. 1, 2, 3 and 4 are correct

B. 2 and 3 are correct

C. 3 and 4 are correct

D. 1 and 4 are correct

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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 Issue Department of the RBI maintains a _______ against printing of notes:

A. Minimum Reserve System

B. Proportional Reserve System

C. Proportional Gold Reserve System

D. Proportional Foreign Securities Reserve 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

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

Which of the following can be used for checking inflation temporarily?

A. Increase in wages

B. Decrease in money supply

C. Decrease in taxes

D. None of the above

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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

To meet the growing needs for coins in the country, where does the Government propose to set up another mint?

A. Nasik

B. Hoshangabad

C. Dewas

D. Noida

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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

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

A. 1947

B. 1950

C. 1957

D. 1960

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4

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

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4

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

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4

Broad money in India is :

A. M1

B. M2

C. M3

D. M4

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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

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 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

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

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

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

A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:

A. inflation

B. hyper-inflation

C. deflation

D. disinflation

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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

Stagflation implies a case of: [CDS 1992]

A. galloping inflation

B. recession plus inflation

C. adverse balance of trade

D. rising wages and employment