The 'demonetization' of high-value currency notes in 2016 included notes of which denominations? MCQ with Answer and Explanation

Question

Share Report Error

The 'demonetization' of high-value currency notes in 2016 included notes of which denominations?

A. Rs 100 and Rs 1,000

B. Rs 100 and Rs 500

C. Rs 1,000 and Rs 2,000

D. Rs 500 and Rs 1,000

Answer: Option D

Solution (By JKSSB Mock Tests)

Demonetization in November 2016 invalidated old Rs 500 and Rs 1,000 notes.

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

The 'High Yielding Variety Programme' was launched in:

A. 1980

B. 1956

C. 1972

D. 1966

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The High Yielding Variety Programme was launched in 1966.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Intergenerational Equity' is particularly relevant in the context of:

A. Only short-term monetary policy

B. Public debt and fiscal sustainability

C. Only private investment decisions

D. Only trade policy

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Intergenerational equity concerns the fairness of distributing the burden of public debt and resource use between present and future generations, important for fiscal sustainability.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' law in India comprises:

A. CGST Act, SGST Acts, UTGST Act and IGST Act

B. only IGST Act

C. one Act

D. only CGST Act

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
GST law comprises CGST, SGST, UTGST and IGST Acts.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs