Indian Economics GK Questions
Inflation causes the most losses?
(A) debtors
(B) creditor
(C) merchant class
(D) All these
Correct Answer : B
Which of the following is not a method of controlling inflation?
(A) Control over supply of currency
(B) rationing of goods
(C) control on demand
(D) reduction in interest rate
Correct Answer : D
Who is called the bank of banks in India?
(A) Reserve Bank of India
(B) Bank of India
(C) State Bank of India
(D) All these
Correct Answer : A
In which of the following banks, a person cannot open his account?
(A) Bank of India
(B) Urban Co-operative Bank
(C) Reserve Bank of India
(D) All these
Correct Answer : C
Which countries often have hard currency?
(A) developed countries
(B) Developing countries
(C) Semi-Developed Countries
(D) All these
Correct Answer : A
Which of the following is not a function of currency?
(A) Measurement of value
(B) accumulation of value
(C) transfer of value
(D) stabilization of price
Correct Answer : D
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