The 'one rupee note' in India is issued by: MCQ with Answer and Explanation

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The 'one rupee note' in India is issued by:

A. SBI

B. SEBI

C. Ministry of Finance, Government of India

D. RBI

Answer: Option C

Solution (By JKSSB Mock Tests)

The one rupee note is issued by the Government of India, not RBI.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Purchasing Power Parity theory states that exchange rates between currencies adjust to equalize:

A. government budget deficits

B. the purchasing power of currencies in terms of goods

C. inflation rates only

D. interest rates

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Correct Answer: Option B

Explanation:
Purchasing Power Parity says exchange rates adjust so that identical goods cost the same in different currencies.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Hysteresis' in unemployment refers to:

A. Temporary unemployment that disappears quickly

B. The tendency of unemployment to persist even after the original cause has disappeared

C. Only seasonal unemployment

D. Only frictional unemployment

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Correct Answer: Option B

Explanation:
Hysteresis in unemployment means that high unemployment can become self-perpetuating through loss of skills, reduced employability or changes in wage-setting behaviour, so that the natural rate itself rises.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'special economic zone' policy in India was first announced in which year?

A. 2005

B. 2000

C. 1995

D. 2010

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Correct Answer: Option B

Explanation:
SEZ policy was announced in April 2000.

This question belongs to: Economy GK Economy Set 1

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