Chapter-wise Economics Multiple Choice Questions and Answers on Currency and Inflation

41 In which year the decimal system of currency introduced in India ?

A 1948

B 1950

C 1955

D 1957

View Answer Comment

Answer: Option [D]

42 Which of the following is not a remedy of Inflation ?

A Lowering bank rate

B Reducing budgetary deficit

C Better capacity utilization

D An efficient public distribution system

View Answer Comment

Answer: Option [A]

43 The Indian Rupee is fully convertible ?

I. In respect of Current Account of Balance of Payments

II. In respect of Capital Account of Balance of Payments

III. Into Gold

Which of these statements is/are correct ?

A I only

B III only

C I and II only

D None of the above

View Answer Comment

Answer: Option [A]

44 Devaluation of currency by a country is meant to lead to:

I. Expansion of import trade

II. Promotion of import substitution

III. Expansion of export trade

A I only

B II and III only

C I and II only

D All of the above

View Answer Comment

Answer: Option [B]

45 Hard Currency is defined as currency:

A Which is used in times of war

B Which can hardly be used for international transaction

C Traded in foreign exchange market for which demands is persistently relative to the supply

D None of these

View Answer Comment

Answer: Option [C]

Currency and Inflation - General Awareness Multiple Choice Questions and Answers | Page-5

Read More Economics Solved Questions

Chapters

State-wise Current Affairs

Gkseries

Information

Study Material

Contact