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

Question

Share Report Error

The 'Clean Note Policy' of RBI aims to:

A. ban all old notes

B. print more currency

C. reduce currency in circulation

D. ensure good quality currency notes in circulation

Answer: Option D

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

Which of the following is an assumption of the perfect competition model?

A. Selling costs are significant

B. Firms face a downward-sloping demand curve

C. Free entry and exit of firms

D. Product differentiation

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Perfect competition assumes free entry and exit, homogeneous product, large number of buyers and sellers, and perfect information, resulting in firms being price takers.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'systemically important financial institution' is one whose failure could:

A. reduce inflation

B. have no effect on the economy

C. trigger a systemic crisis

D. benefit other banks

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
A systemically important institution is too big or interconnected to fail without causing systemic risk.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The Wholesale Price Index in India measures price movements of:

A. goods and services

B. goods only

C. services only

D. agricultural products only

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
WPI measures price movements of goods only; it does not include services.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs