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Question 1 of 5
1. Question
1 pointsWhich of the following statements regarding ‘Treasury Bills’ is/are correct?
1. T-bills are short term securities issued on behalf of the government by the RBI and are used in managing short term liquidity needs of the government.
2. T-Bills are issued on discount to face value, while the holder gets the face value on maturity.
Which of the statements given above is/are correct?Correct
Both the statements are correct.
T-bills are short term securities issued on behalf of the government by the RBI and are used in managing short term liquidity needs of the government.
T-Bills are issued on discount to face value, while the holder gets the face value on maturity. The return on T Bills is the difference between the issue price and face value.Incorrect
Both the statements are correct.
T-bills are short term securities issued on behalf of the government by the RBI and are used in managing short term liquidity needs of the government.
T-Bills are issued on discount to face value, while the holder gets the face value on maturity. The return on T Bills is the difference between the issue price and face value. -
Question 2 of 5
2. Question
1 pointsWhich of the following defines Hard currency?
Correct
It is the international currency in which the highest faith is shown and is needed by every economy. The strongest currency of the world is one which has a high level of liquidity, i.e. people are easily willing to sell or buy it due to the high confidence shown in it.
Incorrect
It is the international currency in which the highest faith is shown and is needed by every economy. The strongest currency of the world is one which has a high level of liquidity, i.e. people are easily willing to sell or buy it due to the high confidence shown in it.
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Question 3 of 5
3. Question
1 pointsWhich of the following statements about ‘Fiat Money’ is/are correct?
1. It is a currency that a government has declared to be legal tender.
2. It is backed by a physical commodity.
Select the correct answer using the codes given belowCorrect
Statement 1 is correct while statement 2 is incorrect.
Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity.
The value of fiat money is derived from the relationship between supply and demand rather than the value of the material from which the money is made.Incorrect
Statement 1 is correct while statement 2 is incorrect.
Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity.
The value of fiat money is derived from the relationship between supply and demand rather than the value of the material from which the money is made. -
Question 4 of 5
4. Question
1 pointsUnder Article 19(2) of the Indian constitution, the legislature can impose certain restrictions on free speech in the interests of which of the following given below
1. Security of the State
2. Friendly relations with foreign States
3. Contempt of court
4. Incitement to an offence
Select the correct answer using the codes given belowCorrect
Under Indian law, the freedom of speech and of the press do not confer an absolute right to express one’s thoughts freely. Clause (2) of Article 19 of the Indian constitution enables the legislature to impose certain restrictions on free speech under following heads: security of the State, friendly relations with foreign States, public order, decency and morality, contempt of court, defamation, incitement to an offence, and sovereignty and integrity of India.
Incorrect
Under Indian law, the freedom of speech and of the press do not confer an absolute right to express one’s thoughts freely. Clause (2) of Article 19 of the Indian constitution enables the legislature to impose certain restrictions on free speech under following heads: security of the State, friendly relations with foreign States, public order, decency and morality, contempt of court, defamation, incitement to an offence, and sovereignty and integrity of India.
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Question 5 of 5
5. Question
1 pointsEnVision mission is an orbital mission to Venus being developed by which of the following agencies?
Correct
Following NASA’s footsteps, the European Space Agency (ESA) announced that it has selected EnVision as its next orbiter that will visit Venus sometime in the 2030s.
Incorrect
Following NASA’s footsteps, the European Space Agency (ESA) announced that it has selected EnVision as its next orbiter that will visit Venus sometime in the 2030s.
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in question regarding fiat money , I think option A is ambiguous because if we go by option then all fiat money should be legal tender , but in real that is not the case as all fiat money are not legal tender
Where can the quiz questions for 3rd of January 2022 be found?