The 'Rs 2000 note' in India was introduced after demonetization in: MCQ with Answer and Explanation

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The 'Rs 2000 note' in India was introduced after demonetization in:

A. 2014

B. 2018

C. 2020

D. 2016

Answer: Option D

Solution (By JKSSB Mock Tests)

Rs 2000 note was introduced in November 2016 after demonetization.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The concept of 'Liquidity Preference' includes which of the following motives?

A. Only speculative motive

B. Only transactions motive

C. Only precautionary motive

D. Transactions, precautionary and speculative motives

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Correct Answer: Option D

Explanation:
According to Keynes, the demand for money (liquidity preference) arises from three motives: transactions, precautionary and speculative.

This question belongs to: Economy GK Economy Set 1

Question #2

The slope of an isoquant is called the:

A. marginal rate of substitution

B. marginal rate of technical substitution

C. marginal utility ratio

D. price ratio

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Correct Answer: Option B

Explanation:
The slope of an isoquant is the marginal rate of technical substitution, the rate at which one input can substitute for another keeping output constant.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Udyam Registration' portal is used for registration of:

A. MSMEs

B. banks

C. stock brokers

D. large companies

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Correct Answer: Option A

Explanation:
Udyam Registration is the online registration portal for MSMEs.

This question belongs to: Economy GK Economy Set 1

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