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Quiz Begins Here

Q #1
:

Directions: These questions are based on the pie chart given below.

Total money in the system = currency money in the system+ non– currency money in the system 

The following additional data is also available

 

  1. Total value of the currency notes circulating in the system in India in 2000 is Rs.2,00,000crores.
  2. The cost of printing a currency note varies between 0.7% to 7% of its face value. (Both values inclusive).
  3. The total value of currency notes circulating in the system is 20% of the total money in the system.
  4. RBI spends 1.2% of the total value of currency notes circulating in the system on printing the notes and this constitutes 17% of its annual budget.
  5. High velocity notes (notes of denominations under Rs.10) have a life of exactly 6 months.
  6. Life of a Rs.500 note is 4.5 years.
  7. 2.88% of the Personal Consumption Expenditure (PCE) in India is spent through credit cards in the year 2000
  8. The number of credit cards in India in the year 2000 is 12 million and the average yearly card spend per card in the year 2000 is Rs.12,000.
  9. The number of notes of denomination Rs.2 are twice that of notes of denomination Rs.1 and the number of notes of denomination Rs.5 are twice that of notes of denomination Rs.2.
  10. All card spends are only towards PCE.

1. The total annual budget of RBI is what percentage of the non-currency money in the system?

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Q #2
:

Directions: These questions are based on the pie chart given below.

Total money in the system = currency money in the system+ non– currency money in the system 

The following additional data is also available

 

  1. Total value of the currency notes circulating in the system in India in 2000 is Rs.2,00,000crores.
  2. The cost of printing a currency note varies between 0.7% to 7% of its face value. (Both values inclusive).
  3. The total value of currency notes circulating in the system is 20% of the total money in the system.
  4. RBI spends 1.2% of the total value of currency notes circulating in the system on printing the notes and this constitutes 17% of its annual budget.
  5. High velocity notes (notes of denominations under Rs.10) have a life of exactly 6 months.
  6. Life of a Rs.500 note is 4.5 years.
  7. 2.88% of the Personal Consumption Expenditure (PCE) in India is spent through credit cards in the year 2000
  8. The number of credit cards in India in the year 2000 is 12 million and the average yearly card spend per card in the year 2000 is Rs.12,000.
  9. The number of notes of denomination Rs.2 are twice that of notes of denomination Rs.1 and the number of notes of denomination Rs.5 are twice that of notes of denomination Rs.2.
  10. All card spends are only towards PCE.

If is known that the costs of printing a Rs.500 note and a Rs.100 note are 7% and 3% of the face value of the respective notes, then what is the total expenditure incurred in printing these notes which are circulating in the system in 2000?

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Q #3
:

Directions: These questions are based on the pie chart given below.

Total money in the system = currency money in the system+ non– currency money in the system 

The following additional data is also available

 

  1. Total value of the currency notes circulating in the system in India in 2000 is Rs.2,00,000crores.
  2. The cost of printing a currency note varies between 0.7% to 7% of its face value. (Both values inclusive).
  3. The total value of currency notes circulating in the system is 20% of the total money in the system.
  4. RBI spends 1.2% of the total value of currency notes circulating in the system on printing the notes and this constitutes 17% of its annual budget.
  5. High velocity notes (notes of denominations under Rs.10) have a life of exactly 6 months.
  6. Life of a Rs.500 note is 4.5 years.
  7. 2.88% of the Personal Consumption Expenditure (PCE) in India is spent through credit cards in the year 2000
  8. The number of credit cards in India in the year 2000 is 12 million and the average yearly card spend per card in the year 2000 is Rs.12,000.
  9. The number of notes of denomination Rs.2 are twice that of notes of denomination Rs.1 and the number of notes of denomination Rs.5 are twice that of notes of denomination Rs.2.
  10. All card spends are only towards PCE.

PCE is how many times the total value of the currency notes circulating in the system in the year 2000?

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Q #4
:

Directions: These questions are based on the pie chart given below.

Total money in the system = currency money in the system+ non– currency money in the system 

The following additional data is also available

 

  1. Total value of the currency notes circulating in the system in India in 2000 is Rs.2,00,000crores.
  2. The cost of printing a currency note varies between 0.7% to 7% of its face value. (Both values inclusive).
  3. The total value of currency notes circulating in the system is 20% of the total money in the system.
  4. RBI spends 1.2% of the total value of currency notes circulating in the system on printing the notes and this constitutes 17% of its annual budget.
  5. High velocity notes (notes of denominations under Rs.10) have a life of exactly 6 months.
  6. Life of a Rs.500 note is 4.5 years.
  7. 2.88% of the Personal Consumption Expenditure (PCE) in India is spent through credit cards in the year 2000
  8. The number of credit cards in India in the year 2000 is 12 million and the average yearly card spend per card in the year 2000 is Rs.12,000.
  9. The number of notes of denomination Rs.2 are twice that of notes of denomination Rs.1 and the number of notes of denomination Rs.5 are twice that of notes of denomination Rs.2.
  10. All card spends are only towards PCE.

The value of the money in Rs.5 notes put together forms what percentage of the value of the total money in the system?

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Q #5
:

Directions: These questions are based on the table given below.

For which state is the number of male illiterates as a percentage of total population the highest?

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