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

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

A. Rs 500 and Rs 1,000

B. Rs 100 and Rs 500

C. Rs 100 and Rs 1,000

D. Rs 1,000 and Rs 2,000

Answer: Option A

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

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Question #1

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The 'Agricultural Census' in India is conducted by the Ministry of Agriculture and Farmers Welfare every how many years?

A. 10 years

B. 5 years

C. 2 years

D. 3 years

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Correct Answer: Option B

Explanation:
The Agricultural Census is conducted every five years.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Logistic Performance Index' is published by:

A. IMF

B. WTO

C. World Bank

D. UNCTAD

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Correct Answer: Option C

Explanation:
The Logistics Performance Index is published by the World Bank.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of behavioural finance, the 'Disposition Effect' refers to:

A. The tendency of investors to sell winning investments too early and hold losing investments too long

B. Only the effect of taxes on trading

C. Perfectly rational realisation of gains and losses

D. The tendency to sell losers and hold winners

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Correct Answer: Option A

Explanation:
The disposition effect is the empirical regularity that investors are more likely to realise gains than losses, consistent with prospect-theory value functions and the reluctance to admit mistakes.

This question belongs to: Economy GK Economy Set 1

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