Banking Awareness Quiz : Set – 46
Banking Awareness Quiz : Set – 46
Q.1) What is the reason for demonetization scheme has been introduced?
a) To stop fake currency notes
b) To counter anti-national activities
c) To attack hoarding of black money
d) All of the above
e) None of these
Q.2) How many times has demonetization happened in India including 2016?
a) one time only
b) two time
c) three time
d) four time
e) five time
Q.3) Which currency notes was demonetized on 8th November 2016?
a) Rs.50
b) Rs.100
c) Rs.500
d) Rs.1000
e) Both c and d
Q.4) what is demonetization of currency notes?
a) Declaring the currency as legal tender
b) Declare the currency as not legal tender
c) Replace the old notes with new notes
d) Decrease the value of currency
e) None of these
Q.5) After denomination, RBI released the new currency notes of?
a) Rs.50 and Rs.500
b) Rs.100 and Rs.500
c) Rs.100 and Rs.1000
d) Rs.500 and Rs.1000
e) Rs.500 and Rs.2000
Q.6) What is the percentage of money in circulation of Rs.500 and 1000 notes?
a) 70%
b) 65%
c) 80%
d) 85%
e) 86%
Q.7) which of the following notes were declared invald as legal tender on 12th January 1946?
a) Rs.500
b) Rs.500 and Rs.1000
c) Rs.1000 and Rs.10,000
d) Rs.5000
e) Both a and c
Q.8) When was RBI reintroduced Rs.500 notes after declared invalid on January 12th Jan 1946?
a) 1972
b) 1975
c) 1987
d) 1990
e) 2016
Q.9) when was first 5000 rupees notes came into the Indian economy?
a) 1947
b) 1954
c) 1967
d)1972
e) 1985
Q.10) Decision about the withdrawal of legal tender status of currencies is to be taken:
a) by the government as per the recommendation of the Union Cabinet
b) by the RBI Central Board of Directors
c) by the government after the recommendation by the Governor of the RBI
d) by the Government after the recommendation by the Central Board of Directors of the RBI
e) None of these
