Indian Economy
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Banking

Indian rupee is made fully convertible as current account in
     A.  1994
     B.  1995
     C.  1996
     D.  1997

Answer:

A


Decimal coinage system was introduced in
     A.  1845
     B.  1912
     C.  1909
     D.  1957

Answer:

D


When was paper currency first started in India?
     A.  1810
     B.  1715
     C.  1635
     D.  1542

Answer:

D


What is the meaning of Devaluation?
     A.  Issuing new currency
     B.  Reducing the value of currency
     C.  Appreciating the value of currency
     D.  None of the above

Answer:

B


As per the Minimum Reserves System Reserve Bank maintais
A.  Rs.200 Crores Gold and Foreign Currency(min Gold Rs.115 cr)
B.  Rs.300 Crores Gold and Foreign Currency(min Gold Rs.115 cr)
C.  Rs.250 Crores Gold and Foreign Currency(min Gold Rs.115 cr)
D.  Rs.350 Crores Gold and Foreign Currency(min Gold Rs.115 cr)

Answer:

A


Indian Economy