The 'currency note' in India bears the signature of: MCQ with Answer and Explanation

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The 'currency note' in India bears the signature of:

A. President

B. RBI Governor

C. Finance Minister

D. Prime Minister

Answer: Option B

Solution (By JKSSB Mock Tests)

Currency notes except one rupee bear the signature of the RBI Governor.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of Indian agriculture, the term 'Minimum Support Price' is recommended by:

A. Food Corporation of India

B. NITI Aayog

C. Reserve Bank of India

D. Commission for Agricultural Costs and Prices

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Correct Answer: Option D

Explanation:
The Commission for Agricultural Costs and Prices (CACP) recommends Minimum Support Prices for various crops, which are then approved by the government.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Tea Board of India' is headquartered in:

A. Mumbai

B. Chennai

C. Kolkata

D. Delhi

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Correct Answer: Option C

Explanation:
The Tea Board of India is headquartered in Kolkata.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of public debt, the 'Domar Condition' for debt sustainability relates to:

A. Only the maturity structure of debt

B. Only external debt

C. Only the level of absolute debt

D. The relationship between the interest rate, growth rate and primary balance

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Correct Answer: Option D

Explanation:
The Domar condition indicates that the debt-to-GDP ratio will stabilise or decline if the primary surplus is sufficient relative to the difference between the interest rate and the growth rate of GDP.

This question belongs to: Economy GK Economy Set 1

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