Practice Questions on Indian-Economy
General Knowledge

Section-1: Indian-Economy Question - 21

Q21.

Devaluation of a currency means:

A.

permitting the currency to seek its worth in the international market

B.

fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies

C.

fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners

D.

official lowering of the value of a country's currency within a fixed exchange rate system

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Section-1: Indian-Economy Question - 22

Q22.

Who described the nationalization of banks in India in 1960’s a "masterstroke of political sagacity."?

A.

Radheshyam Rungta

B.

Jayapraskash Narayan

C.

Santosh Kumar Das

D.

Indira Gandhi

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Section-1: Indian-Economy Question - 23

Q23.

When did India shift to decimal system of coinage:

A.

March 1948

B.

March 1950

C.

April 1957

D.

April 1960

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Section-1: Indian-Economy Question - 24

Q24.

When did the first budget of the Narasimha Rao  Government partially float the rupee in a context of removal of import licensing and export subsidies?

A.

3 January 1990

B.

5 February 1990

C.

1 March 1992

D.

9 April 1995

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Section-1: Indian-Economy Question - 25

Q25.

Which bank raised the reserve requirement ten times in 2007 and eleven times since the beginning of 2010?

A.

Bank of India

B.

Bank of America

C.

Reserve Bank of India

D.

People’s bank of China

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