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Currency and Inflation
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Currency and Inflation
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25 Questions

1. Ten rupee notes bear the signature of:
2. Which of the following is incorrect about convertibility?
3. One-rupee currency notes bear the signature of:
4. Black money is :
5. To meet the growing needs for coins in the country - where does the Government propose to set up another mint?
6. Which of the following accounts for Cost-Push Inflation?
7. 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?
8. Convertibility of the rupee implies: [IAS 1994]
9. The Issue Department of the RBI maintains a _______ against printing of notes:
10. 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]
11. A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:
12. Hard Currency is defined as currency:
13. 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]
14. 'Devaluation' means: [RRB 1992]
15. Who among the following is most benefitted from inflation? [IAS 1989]
16. Rupee was devalued by what percent in July 1991 ? [MP PCS 1990]
17. Minimum inflation in post economic reform was in :
18. 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]
19. Rising prices lead to all but one of the following:
20. 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:
21. Which of the following groups suffer the most from inflation? [CPO SI 2003]
22. Monetary policy is regulated by:
23. When was the decimal system of currency introduced in India?
24. The highest denomination of currency notes in circulation as legal tender in India is at present:
25. Which of the following prints currency notes of the denomination of Rs. 100?