Question : _________ by the government of a country makes money acceptable as a medium of exchange.
Option 1: Permission
Option 2: Instructions
Option 3: Authorisation
Option 4: Ownership
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Correct Answer: Authorisation
Solution : The correct option is Authorisation.
Because the country's government has sanctioned the money, it is recognised as a valid means of trade. The Central Government of India issues currency notes through the Reserve Bank of India. According to Indian law, no other person or entity is permitted to print money.
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Question : Which organisation of the government of India reports the GDP of the country?
Option 1: Securities and Exchange Board of India
Option 2: Central Statistics Office
Option 3: NITI Aayog
Option 4: Reserve Bank of India
Question : As of 2022, what is the capital of Maldives, a neighbouring country of India?
Option 1: Kavaratti
Option 2: Male
Option 3: Colombo
Option 4: Abu Dhabi
Question : Treasury bills are issued by the _______.
Option 2: Government of India
Option 3: Reserve Bank of India
Option 4: Insurance Regulatory and Development Authority of India
Question : For a country having an inflationary situation, which of the following statements is incorrect?
Option 1: The cost of living rises.
Option 2: Profit rises faster than wages.
Option 3: The value of money falls.
Option 4: The country's exports become more competitive.
Question : In an inflationary situation, which of the following statements is false for a country?
Option 1: Profit rises faster than wages
Option 2: The value of money falls
Option 3: The cost of living rises
Option 4: The country's exports become more competitive
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