Rs. 50 banknote of Mahatma Gandhi (New) series has base colour of ______.
- A.chocolate brown
- B.stone grey
- C.fluorescent blue
- D.lavender
Correct answer
Explanation
The correct answer is C, fluorescent blue. The Reserve Bank of India issued the fifty-rupee note of the Mahatma Gandhi (New) series in August 2017 with fluorescent blue as its base colour. Its reverse carries the stone chariot of the Vittala temple at Hampi in Karnataka, a World Heritage site, and the note measures 66 mm by 135 mm. Every note of this series pairs one colour with one monument, which is the way paper setters like to test it. Option A is wrong because chocolate brown is the base colour of the ten-rupee note, whose reverse shows the Konark Sun Temple. Option B is wrong because stone grey belongs to the five-hundred-rupee note, which carries the Red Fort. Option D is wrong because lavender is the colour of the hundred-rupee note, whose reverse shows Rani ki Vav in Gujarat. Exam tip: 10 chocolate brown with Konark, 20 greenish yellow with Ellora, 50 fluorescent blue with Hampi, 100 lavender with Rani ki Vav, 200 bright yellow with Sanchi, 500 stone grey with the Red Fort.
Practice Questions
View allAccording to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to
- A.improve
- B.diminish
- C.remain constant
- D.first diminish and then improve
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Each extra unit of a good gives a consumer less additional satisfaction than the unit before it, so marginal utility falls as consumption rises.
Read the full explanation →Consider the following statements about impact of tax : 1. A tax is shifted forward to consumers if the demand is inelastic relative to supply. 2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand. Which of the statements given above is/are correct?
- A.1 only
- B.2 only
- C.Both 1 and 2
- D.Neither 1 nor 2
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The burden of a tax falls more heavily on whichever side of the market is less elastic, the side that cannot easily walk away.
Read the full explanation →UBI, as an alternative for subsidies in poverty alleviation, stands for
- A.Union Basic Income
- B.Undefined Basic Income
- C.Unconditional Basic Income
- D.Universal Basic Income
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UBI is the idea of paying every citizen a fixed sum of money regularly, without conditions, in place of a large number of separate subsidies and welfare schemes.
Read the full explanation →Who among the following is the Chairman of the Fourteenth Finance Commission?
- A.C. Rangarajan
- B.Vijay Kelkar
- C.Y. V. Reddy
- D.Rakesh Mohan
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The Fourteenth Finance Commission, set up in 2013 for the award period 2015-2020, was chaired by Y. V. Reddy, a former Governor of the Reserve Bank of India.
Read the full explanation →Why was constitutional amendment needed for introducing GST?
- A.States were not willing to agree with the Union for introduction of GST without amendment in the Constitution.
- B.GST was to be implemented on concurrent base and Article 246 was inadequate for such a case.
- C.The Empowered Committee of Finance Ministers had recommended for constitutional amendment.
- D.The GST Council had recommended for constitutional amendment so that its power enhances.
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GST is levied by the Union and the States together on the same supply, and Article 246, which splits taxing powers between them through separate lists, did not allow such a concurrent tax.
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