Current Affairs PDF

GK Questions: Indian Economy – Set 45

By
AC Team 1
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Hello Aspirants.

Welcome to Online General Knowledge section in Affairs cloud, which is important for all the competitive exams. We have created Some questions related to Indian GK(Indian Economy) !!! 

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  1. What is the printing cost of Rs 2000 note  ?
    1.Rs.3.90
    2.Rs.3.09
    3.Rs.3.54
    4.Rs.3.50
    5.None of these
    Answer – 3.Rs.3.54
    Explanation :
    Bhartiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is printing each new Rs 500 note at the old cost of Rs 3.09, while the cost of Rs 2,000 currency note is Rs 3.54. BRBNMPL is a subsidiary of Reserve Bank of India.

  2. The headquarters of Bharatiya Reserve Bank Note Mudran Private Limited is located at
    1.Mumbai
    2.Nashik
    3.Pune
    4.Bengaluru
    5.None of these
    Answer – 4.Bengaluru
    Explanation :
    Bharatiya Reserve Bank Note Mudran Private Limited is the one of the subsidiaries of Reserve Bank of India which prints bank notes for Reserve Bank of India. It was established in 1995 in Bengaluru to address the demand for bank notes.

  3. Finance minister Arun Jaitley proposed creation of a six-member Payments Regulatory Board board to replace Board for Regulation and Supervision of Payment and Settlement Systems. This new board is headed by
    1.RBI Governor
    2.Finance Minister
    3.RBI Executive Director
    4.President
    5.None of these
    Answer – 1.RBI Governor
    Explanation :
    Finance minister Arun Jaitley proposed creation of a six-member Payments Regulatory Board in the RBI, headed by its governor, for bringing about structural reforms in the payment ecosystem. This board replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems.

  4. Coins of Rupee one and above are called _____________
    1.Coins
    2.Small Coins
    3.Big Coins
    4.Rupee Coins
    5.None of these
    Answer – 4.Rupee Coins
    Explanation :
    Coins up to 50 paisa are called “small coins” and coins of Rupee one and above are called “Rupee coins”.

  5. The currency chests have been established with which of the following banks ?
    1.State Bank of India
    2.Nationalized Banks
    3.Private Sector Banks
    4.Regional Rural Banks
    5.All of these
    Answer – 5.All of these
    Explanation :
    Currency chests are storehouses where bank notes and rupee coins are stocked on behalf of the Reserve Bank. The currency chests have been established with State Bank of India, six associate banks, nationalized banks, private sector banks, a foreign bank, a state cooperative bank and a regional rural bank.

  6. One Rupee Note and One Rupee coins are legal tenders for how much amount ?
    1.Above.Rs.1
    2.Below Rs.10
    3.Above Rs.10
    4.Unlimited
    5.None of these
    Answer – 4.Unlimited
    Explanation :
    One Rupee Note and One Rupee coins are legal tenders for unlimited amounts. 50 Paisa coins are legal tender for any sum not above Rs. 10.  The coins of smaller than 50 paisa value are legal tenders of a sum below Re. 1.

  7. RBI’s Department of Currency Management is located at ________
    1.Mumbai
    2.New Delhi
    3.Pune
    4.Bengaluru
    5.None of these
    Answer – 1.Mumbai
    Explanation :
    The Department of Currency Management located at Central Office Mumbai.

  8. Who decided the quantity of coins to be minted ?
    1.Government
    2.Ministry of Finance
    3.RBI
    4.All of these
    5.None of these
    Answer – 1.Government
    Explanation :
    The Government of India decides the quantity of coins to be minted on the basis of indents( official order) received from the Reserve Bank.

  9. Who decides the volume and value of banknotes except Re. 1 note ?
    1.RBI
    2.Government
    3.Ministry of Finance
    4.World Bank
    5.None of these
    Answer – 1.RBI
    Explanation :
    The Reserve Bank decides the volume and value of banknotes except Re. 1 note to be printed each year. The quantum of banknotes that needs to be printed, broadly depends on the requirement for meeting the demand for banknotes due to inflation, GDP growth, replacement of soiled banknotes and reserve stock requirements

  10. The printing cost of Rs 500 note is _______________________
    1.Rs.2.9
    2.Rs.3.09
    3.Rs.3.10
    4.Rs.3.50
    5.None of these
    Answer – 2.Rs.3.09
    Explanation :
    Bhartiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is printing each new Rs 500 note at the old cost of Rs 3.09, while the cost of Rs 2,000 currency note is Rs 3.54. BRBNMPL is a subsidiary of Reserve Bank of India.





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