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In India paper currency started in ?

  • 1860
  • 1861
  • 1862
  • 1863

Answer: Option B

Similar Questions :

1. "The Future of India" book is written by

  • Amritya Sen
  • Bimal Jalan
  • Abhishek Nayar
  • Chetan Bhagat

Answer: Option B

2. What is FEMA ?

  • First Exchange Management Act
  • Foreign Exchequer Management Act
  • Foreign Exchange Management Act
  • Foreign Evaluation Management Act

Answer: Option C

Explanation:

FEMA is Foreign Exchange Management Act, it came into force in July 2000. It replaced Foreign Exchange Regulation Act 1973.

3. Small Industries Development Bank of India (SIDBI) was established in :

  • 1986
  • 1987
  • 1988
  • 1989

Answer: Option D

Explanation:

Small Industries Development Bank of India (SIDBI) was established in 1989. Its main function is to provide assistance to small scale industries through state finance corporations, state industrial development corporations, commercial banks etc.

4. Deficit financing implies :

  • printing new currency notes
  • public revenue in excess of public expenditure
  • public expenditure in excess of public revenue
  • replacing new currency with worn out currency

Answer: Option C

5. "Blue sky laws" is a term used for laws which are :

  • Only for personal interest of a political party.
  • Which cheaters can use to fraud public.
  • Which are there to protect public from securities frauds.
  • Which are created in hurry.

Answer: Option D

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