Indian Economy for Competitive Exams. We covered all the Indian Economy for Competitive Exams MCQs in this post for free so that you can practice well for the exam.
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Indian Economy Objective for Competitive Exams
As a result of a higher rate of inflation in India, the U.S. dollar will:
(a) Constant
(b) Appreciate
(c) Negligible
(d) Depreciate
Option b – Appreciate
‘Gold Bullion Standard’ refers to:
(a) gold coin as an unlimited legal tender
(b) gold as the measure of value
(c) free coinage of gold
(d) no restriction on the import and export of gold
Option b – gold as the measure of value
As a result of a higher rate of inflation in India, the U.S. dollar will :
(a) Constant
(b) Appreciate
(c) Negligible
(d) Depreciate
Option b – Appreciate
A deflator is a technique of:
(a) adjusting for changes in the price level
(b) adjusting for changes in commodity
(c) accounting for a higher increase in GNP
(d) accounting for the decline of GNP
Option a – adjusting for changes in the price level
In which year, notes of Rs. 1000 denomination were demonetized before they were reintroduced in 2000-01?
(a) 1977
(b) 1978
(c) 1979
(d) 1980
Option b – 1978
Hard Currency is defined as currency:
(a) which can hardly be used for international transactions
(b) which is used in times of war
(c) which loses its value very fast
(d) traded in foreign exchange markets for which demand is persistently high relative to the supply
Option d – traded in foreign exchange markets for which demand is persistently high relative to the supply
The rupee was devalued by what percent in July 1991?
(a) 18
(b) 20
(c) 22
(d) 25
Option b – 20
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