Directions How to Answer

Aptitude Test Topic: Economics

This section is comprised of MCQs on Economics.

Directions

The following are questions on Economics. Select the correct option to represent your answer.

To give the answer click/tap the option alphabet for your answer choice. for correct answer green check and for wrong answer a red cross will appear along with a button to show explanation with or without video of the question answer.

Economics: All Topics Practice MCQ

Question Statement:

Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issue is required to maintain assets worth not less than

115 crores of rupees

85 crores of rupees

200 crores of rupees

210 crores of rupees

Explanation:

Correct Answer: C

Sol. Under the Minimum Reserve System, the RBI has to keep a minimum reserve of Rs 200 crore comprising of gold coin and gold bullion and foreign currencies. Out of the total Rs 200 crores, Rs115 crore should be in the form of gold coins or gold bullion.

Question: 3 Test: 3 of 5 Next Test

Tests

You are taking Aptitude Test No. 3

Each aptitude test is comprised of 10 except the last test which might have fewer than 10 in some topics.

You are at question (MCQ) number 3 and Test Number 3 of Economics: All topics. To deal with Economics questions, you must take lesson on the subject. In case of science and Art subjects revise your text books and in case of general aptitude topics take lessons from the topic page.

The question: Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issue is r .... with options: 115 crores of rupees , 85 crores of rupees , 200 crores of rupees , 210 crores of rupees can be solved with the concepts and understanding of Economics.