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Current Affairs

GK MCQs Section

Page-3 of Topic: Currency

Masala Bonds

Masala Bonds are rupee-denominated bonds issued outside India, primarily in international markets, to raise capital from foreign investors. These bonds allow Indian entities to access overseas funding while...

May 1, 2018

Marshall Islands to become world’s first country to issue digital legal tender “Sovereign”

The Republic of the Marshall Islands (RMI) will become the first sovereign nation to issue a cryptocurrency that will be legal tender. The new currency is called “Sovereign”...

March 7, 2018

Pluto Exchange launches India’s first bitcoin trading app

Pluto Exchange will launch the India’s first bitcoin trading app for transacting in virtual currencies. The Pluto Exchange mobile app offers a solution to the coordination problem between...

December 29, 2017

New Rs 50 Banknotes to be introduced in Mahatma Gandhi Series

The Reserve Bank of India has announced that it will issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005. The new notes will have inset letter ‘L’,...

December 20, 2016

Bharat Bandh on Nov 28 against demonetisation

United Opposition consisting of major political parties like Congress, Trinamool Congress, and the BSP have given a call for nationwide Bharat Bandh to escalate their protest over the...

November 23, 2016

Government denies intentions to demonetise 100 and 50 rupee notes

The union government has categorically said that it has no intention to demonetise Rs 100 and Rs 50 notes to dispel rumours which are making rounds in various...

November 17, 2016

RBI extends deadline to exchange pre-2005 notes to June 30, 2016

Reserve Bank of India (RBI) has extended the deadline for exchanging pre-2005 currency notes of various denominations by another six months to June 30, 2016. From January 1,...

December 24, 2015

Renminbi, Rupee included in ADB’s TFP

Noticing the expanding influence of the economies of China and India among the Asian economies, the Asian Development Bank (ADB) decided to encourage and support deals denominated in...

July 23, 2012

India’s new buzzword: “Policy Paralysis”

‘Policy Paralysis’ is the new exhortation echoing in the news media. According to news search conducted via Factiva, the catchphrase hit over 590 mentions in June 2012. The...

July 2, 2012

1991-like crisis highly improbable: D Subbarao

As per RBI governor D Subbarao, despite high fiscal and current account deficit it is highly improbable that India could witness the replication of the 1991 economic crisis...

June 18, 2012

Forex Reserves of India tumble, looses 1.74 Billion Dollar

India’s Foreign exchange reserve plunged by 1.74 billion to 290 billion The RBI data showed a sharp fall in the India’s Forex reserves The Forex reserves has slipped...

June 3, 2012

Payments in Rupee accepted by Iran

The longstanding issue over the payments for export shipments has been resolved amidst India and Iran. Both the nations have accorded to admit payment in Rupee form, an...

March 5, 2012

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