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CUET Economics 2023 PYQs29 May Shift 2. Free, no login required.

Macro

past year questions, CUET Economics 2023 29 May Shift 2

Money & Banking

past year questions, Macro, CUET Economics 2023 29 May Shift 2

Medium

Chronologically arrange the following events.

A. Announcement of Demonetisation

B. Circulation of Fake Currency

C. Rs 500 and 1000 Notes lost legal tender

D. Impact on Economic Activities

E. New Rs 2000 Currency Note in the circulation

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

Circulation of fake currency (B) existed first and created a negative impact on the economy (D). To tackle this, demonetisation was announced (A). The Rs 500 and Rs 1000 notes then ceased to be legal tender (C), and finally new Rs 2000 notes entered circulation (E). Hence B, D, A, C, E.

Related questions:

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Match List - I with List - II.

List - I (Banking)List - II (Function)
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(C) Bank Rate(III) Credit creation
(D) Repo Rate(IV) Lender of last resort

Choose the correct answer from the options given below :

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What is the process through which banks create money?

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(C) Reverse Repo Rate.

(D) Statutory Liquidity Ratio.

Choose the correct answer from the options given below:

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What is the principal motive for holding money?

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Match List-I with List-II

List-IList-II
(A) Secondary Deposits(i) Initial deposits with commercial banks
(B) Primary Deposits(ii) The ratio of money held by the public in currency to that held at deposits in commercial banks.
(C) Currency Deposit ratio(iii) No intrinsic value
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Choose the correct answer from the options given below:

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