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
The Shadow Economy in India: Uncovering the Unseen Engines of Growth and Inequality
The Shadow Economy in India: Uncovering the Unseen Engines of Growth and Inequality Introduction The Indian economy is often visualised through skyscrapers, software parks, and booming stock indices. Yet beneath this glittering formal layer lies a far larger, messier, and more complex world—the shadow economy. Also known as the informal, unorganised, or underground economy, it is where most Indians work, earn, and survive. Despite contributing an estimated 40% to India's GDP and employing nearly 90% of its workforce, the shadow economy remains mostly undocumented, unregulated, and untaxed. This article seeks to unveil the hidden mechanics, challenges, and paradoxes of India’s shadow economy. From its roots in colonial land systems to the modern-day gig platforms, from rural construction sites to urban street corners, we explore how informality has become both a lifeline for survival and a barrier to inclusive growth. What is the Shadow Economy? The shadow economy includ...
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