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Questions on Money and Banking: Questions on money and banking are also very common and important topic of Indian Economy. Go through these General Knowledge questions which are very important for all competitive exams.
1- The major aim of devaluation is to?
- A.Encourage exports
- B.Encourage imports
- C.Encourage both exports and imports
- D.Discourage both exports and imports
- E.None of these
2- Which amongst the following currencies is the costliest?
- A.French Franc
- B.Swiss Franc
- C.Euro
- D.Pound Sterling
- E.None of these
3- Inflation is caused by?
- A.Increase is supply of goods
- B.Increase in case with the Government
- C.Decrease in money supply
- D.Increase in money supply
- E.None of these
4- Devaluation usually caused the internal prices to?
5- What is the name given to the common currency of the European Union?
- A.Rupees
- B.Rouble
- C.Franc
- D.Euro
- E.None of these
6- Devaluation of currency leads to?
- A.expansion of export trade
- B.contraction of import trade
- C.expansion of import substitution
- D.all of above
- E.None of these
8- The present Indian monetary system is based on?
- A.Gold reserve system
- B.Proportional reserve system
- C.Convertible currency system
- D.Minimum reserve system
- E.None of these
9- During period of inflation, prices should?
- A.increase
- B.decrease
- C.remain constant
- D.fluctuate
- E.None of these
10- Which of the following organization is known as Market Regulator in India?
- A.IBA
- B.SEBI
- C.AMFI
- D.NSDL
- E.None of these
