Expected Questions on Banking & Financial Awareness - Indian Currency
1. What is the minimum denomination of Coins minted in India? – 50 paise
2. What is the maximum denomination of Coins minted in India? - `10
3. Coins can be issued up to the denomination of ____________. - `1000
4. Who mints the coins in India? – Government of India
5. The coins issued under which act? – The Coinage Act, 2011
6. The banknotes are issued under which act? -RBI Act, 1934
7. What is the minimum denomination of banknotes printed in India? – `1
8. What is the maximum denomination of banknotes can be printed in India? – `10,000
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9. What was the highest denomination note ever printed? - `10,000
10. What is currency paper made of? - cotton and cotton rag
11. Coins are minted in how many cities? – 4
12. Coins are minted in which cities? - Mumbai, Noida, Kolkata and Hyderabad
13. Reserve Bank of India decided to conduct a field trial with one billion pieces of ____ notes made of plastic. - `10
14. Feature of Clean Note Policy – Not to staple the banknotes; Not to write / put rubber stamp or any other mark on the banknotes
15. Who prints the `1 banknotes? –Government of India
Revisiting the Kuznets Curve: Relevance and Application in the Modern Economic Era
Revisiting the Kuznets Curve: Relevance and Application in the Modern Economic Era --- Introduction: The Curve That Promised Progress In the realm of development economics, few concepts have spurred as much debate, hope, and reinterpretation as the Kuznets Curve. Proposed by economist Simon Kuznets in the 1950s, the curve suggested that as a nation industrializes, inequality initially rises and later falls—forming an inverted U-shaped relationship between income inequality and per capita income. This idea promised that inequality was a temporary phase of development, eventually giving way to a more equitable distribution of income. However, as the world grapples with persistent inequality, climate change, urbanization, and complex globalization, the applicability and accuracy of the Kuznets Curve are being increasingly scrutinized. Furthermore, environmentalists have borrowed and modified the concept to develop the Environmental Kuznets Curve (EKC), hypothesizing a similar inverted-U r...
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