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Current Affairs January 2024

What is the correct answer?

4

M3 includes:

A. M1 + T.D

B. M1 + post office saving deposit

C. M1 +- post office total deposit

D. M1 + national saving certificate

Correct Answer :

A. M1 + T.D


Related Questions

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4

Rupee was devalued by what percent in July 1991 ? [MP PCS 1990]

A. 18

B. 20

C. 22

D. 25

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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 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

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

Which of the following are definite implications of a fall in inflation?
1. Prices have fallen
2. Prices are increasing more slowly than before
3. Food supply has increased
4. There is industrial stagnation

A. 1 and 3

B. 1 only

C. 2 only

D. 1, 3 and 4

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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

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

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

Stagflation implies a case of: [CDS 1992]

A. galloping inflation

B. recession plus inflation

C. adverse balance of trade

D. rising wages and employment

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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

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

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

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

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

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

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

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 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

Monetary policy is regulated by:

A. money lenders

B. Central Bank

C. private entrepreneurs

D. Government policy

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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

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

M3 includes:

A. M1 + T.D

B. M1 + post office saving deposit

C. M1 +- post office total deposit

D. M1 + national saving certificate

What is the correct answer?

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

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

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

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

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

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 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

Broad money in India is :

A. M1

B. M2

C. M3

D. M4