7000+ Gk Questions 2024-2025 on Indian Financial System - 1

Question: 1

Which of the following is/are treated as artificial currency?

(A) ADR

(B) SDR

(C) GDR

(D) Both ADR and SDR

Question: 2

The Issue Department of the RBI maintains a _____ against printing of notes.

(A) Proportional Foreign Securities Reserve System

(B) Proportional Gold Reserve System

(C) Proportional Reserve System

(D) Minimum Reserve System

Question: 3

In which year the Victoria Portrait series of bank notes was issued in India in honour of Queen Victoria British era?

(A) 1858

(B) 1860

(C) 1863

(D) 1867

Question: 4

The Foreign Exchange Management Act (FEMA) was introduced in

(A) 1990

(B) 1994

(C) 1999

(D) 2002

Question: 5

Cheap money means

(A) Excess of Black Money

(B) Low Level Income

(C) Low Level of Savings

(D) Low Rate of Interest