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Indian Economics
16

Indian Economics MCQ (GK Set-1) with Answers

16) When was decimal coinage introduced in India ?

15-Aug-47

26-Jan-52

01-Apr-57

31-Dec-63

Answer is:

01-Apr-57

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

17) USD/JPY, USD/EURO and USD/CAD are the currency pairs in terms of foreign exchange trading. Amongst them which one of the following is referred as the base currency for quotes ?

USD

JPY

Euro

CAD

Answer is:

USD

18) Which of the following is/are treated as artificial currency ?

ADR

GDR

SDR

Both ADR and SDR

Answer is:

SDR

19) In terms of economics, the small gap between the first recession and second recession is known as :

Double Deflation

Deflation

Deep Recession

Double Dip Recession

Answer is:

Deep Recession

20) Cheap Money implies :

low rate of inerest

low level of savings

low level of income

excess of bank money

Answer is:

low rate of inerest

Indian Economics MCQ (GK Set-1) with Answers

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