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. RBI

B. SEBI

C. SBI

D. Ministry of Finance, Government of India

Answer: Option D

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

The 'National Bamboo Mission' is related to:

A. promoting bamboo cultivation and industry

B. fisheries development

C. wildlife conservation

D. silk production

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Correct Answer: Option A

Explanation:
National Bamboo Mission promotes bamboo cultivation, processing and marketing.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'International Monetary Fund' Poverty Reduction and Growth Trust provides:

A. loans to developed countries

B. trade subsidies

C. military aid

D. concessional lending to low-income countries

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Correct Answer: Option D

Explanation:
PRGT provides concessional lending to low-income countries.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of monetary policy implementation, the 'Corridor System' refers to:

A. Only the range of fiscal targets

B. The absence of any standing facilities

C. Only the range of inflation targets

D. The arrangement in which the policy rate is kept within a standing-facility corridor defined by the lending and deposit rates of the central bank

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Correct Answer: Option D

Explanation:
In a corridor system the central bank’s overnight lending rate and deposit rate form a corridor within which the interbank rate fluctuates; open-market operations keep the market rate near the centre of the corridor.

This question belongs to: Economy GK Economy Set 1

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