Tag Archives: Devaluation of currency
61. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits A. will decrease B. will increase C. will neither increase nor decrease D. None of the above Answer: C. will neither increase nor decrease 62. India changed over to the decimal system of coinage in A.
41. The current price index (base 1960) is nearly 330. This means that A. all items cost 3-3 times more than what they did in 1960 B. the prices of certain selected items have gone up to 3-3 times C. weighted means of prices of certain item has increased 3-3 times D. gold price has
21. Fiscal deficit in the Union Budget means A. the difference between current expenditure and current revenue B. net increase in Union Governments borrowings from the Reserve Bank of India C. the sum of budgetary deficit and net increase in internal and external borrowings D. the sum of monetized deficit and budgetary deficit Answer: C.