The 'Clean Note Policy' of RBI aims to: MCQ with Answer and Explanation

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The 'Clean Note Policy' of RBI aims to:

A. print more currency

B. reduce currency in circulation

C. ensure good quality currency notes in circulation

D. ban all old notes

Answer: Option C

Solution (By JKSSB Mock Tests)

Clean Note Policy aims to keep currency notes in good quality.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'GDP at constant prices' in India uses which base year?

A. 2011-12

B. 2015-16

C. 2004-05

D. 2019-20

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Correct Answer: Option A

Explanation:
India's GDP constant price series currently uses base year 2011-12.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Clean Development Mechanism' under the Kyoto Protocol allows developed countries to:

A. earn emission reduction credits by investing in projects in developing countries

B. tax developing countries

C. avoid all climate action

D. increase emissions

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Correct Answer: Option A

Explanation:
CDM allows developed countries to earn Certified Emission Reductions by financing emission reduction projects in developing countries.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a major source of tax revenue for the Central Government?

A. Corporation tax, income tax and central GST

B. Only entertainment tax

C. Only professional tax

D. Only property tax collected by local bodies

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Correct Answer: Option A

Explanation:
The major sources of central tax revenue include corporation tax, personal income tax, and the central share of GST, along with customs duties.

This question belongs to: Economy GK Economy Set 1

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