Q17 of 31 Page 1

Which of the following agency is responsible for issuing Rs 1 currency note in India?

i) Reserve Bank of India


ii) Ministry of Commerce


iii) Ministry of finance


iv) Niti Aayog

. Ministry of Finance


Explanation.


The Central Bank is the apex monetary authority of the country. RBI has the sole authority to issue and circulate currency notes of various denominations throughout the country. But the authority to issue Rs 1 notes lies under the purview of the Ministry of Finance. The Rs 1 note is issued bearing the signature and authority of the Finance Secretary.


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If an economy is to control recession like most of the Euro-Zone nations, which of the following can be appropriate:

i) Reducing Repo Rate


ii) Reducing CRR


iii) Both (i) and (ii)


iv) None of (i) and (ii)

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The flow of Goods and services and factors of production across different sectors in a barter economy is known as:

i) Circular flow


ii) Real flow


iii) Monetary Flow


iv) Capital Flow

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The government budget of a hypothetical economy presents the following information, which of the following value represents Budgetary Deficit. (all fig. in crores)

A. Revenue Expenditure = 25,000


B. Capital Receipts = 30,000


C. Capital Expenditure = 35,000


D. Revenue Receipts = 20,000


E. Interest Payments = 10,000


F. Borrowings = 20,000


i) 12,000


ii) 10,000


iii) 20,000


iv) None of the above.