Kerala SET Feb 2017 Paper 1

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Question Numbers: 19-21
Read the following passage and answer question numbers 19 - 21 based on it.
In the aftermath of the Narendra Modi government deciding to demonetise notes of Rs 500 and Rs 1,000 respectively, the Reserve Bank of India (RBI) put out an interesting data. Data from RBI shows that in 2015-2016 the total amount of paper notes in circulation amounted to Rs 16.4 lakh crore. Of this, the high denomination notes of Rs 500 and Rs 1,000 amounted to Rs 14.2 lakh crore. The Rs 500 notes amounted to Rs 7.9 lakh crore whereas Rs 1,000 notes amounted to Rs 6.3 lakh crore.

Question : 19 of 120

Marks: +1, -0

Which of the following statements are correct?
i) In India, high denomination notes account for the major chunk of the total value of notes circulated.
ii) The number of Rs. 500 notes was pretty higher than that of Rs. 1000 notes.
iii) The total value of Rs. 500 notes in circulation in 2015 – 16 was less than that of Rs. 1000 notes.
iv) There is a difference of 1.6 crore between the value of Rs. 500 notes and Rs. 1000 notes.

(iii) and (iv) only
(i) and (iii) only
(i) and (ii) only
(ii) and (iii) only

Validate

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