Multiple Choice Questions on is issued by the government of India ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

is issued by the government of India ........

Economics (CUET) Money and banking
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    Read the below case and answer the questions that follow:
    In a 40 minute long speech Prime Minister Narendra Modi announced the demonetisation of existing notes of 500 and 1,000 during a televised address on Tuesday evening.
    Modi announced that the notes of Rs.500 and Rs.1,000 "will not be legal tender from midnight tonight" and these will be "just worthless pieces of paper. PM also urged people to join this mahayojna against the ills of corruption.
    - "What is demonetisation and why was it done?"The Economic Times, Nov 09, 2016

     

    ____________is issued by the government of India.

     

    Coins
     

    Correct Answer

     ?500 note
     

    Incorrect Answer

    1000 note

     

    Incorrect Answer

    All of these

    Incorrect Answer
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    Explanation:

    - Coins: Coins in India are issued by the Government of India. They are managed by the Finance Ministry.

    - ?500 note: Currency notes, such as the ?500 note, are issued by the Reserve Bank of India, not the government.

    - ?1000 note: Similar to the ?500 note, the ?1000 note was also issued by the Reserve Bank of India.

    - All of these: This option is incorrect because not all items listed are issued by the government. Only coins are.

    Answer: Coins

    By: Parvesh Mehta
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