Page 112 - English Grammar - IX-X

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Fy16 Fy17 Fy18 Fy19
Figure: Consumption expenditure continues to rise

On the basis of your understanding of the above passage, answer the following questions.
1. Which of the following is NOT correct, according to paragraph 2?

(a) The Indian government decided to demonetise the 500 and 1,000 rupee notes
some years ago.

(b) Demonetisation took place on November 8, 2016.
(c) Prime Minister Narendra Modi stated to the citizens that these notes would be
rendered ineffective immediately.
(d) The country’s circulating cash was made up of 46% of these notes.
2. Which of the following is the correct definition of demonetisation?

(a) Demonetisation is a policy in which a currency unit loses its legal tender status.
(b) Demonetisation is a policy in which anarchitectural entity loses its legal tender status.
(c) Demonetisation is a constitutional act in which a currency unit loses its legal
tender status.
(d) Demonetisation is a policy in which a currency unit increases in value its legal
tender status.
3. In the context of the passage, when currency is ‘rendered ineffective’, it means
________________________.
(a) to be decreased in value (b) to be considered meaningless

(c) to be created afresh (d) to become effective at a later date
4. What is another word for ‘counterfeit' as used in the passage?
(a) Thriving (b) Eradicated (c) Fake (d) Accumulated

5. Which of the following is NOT mentioned as one of the reasons behind demonetisation
in the passage?

(a) When the national currency is changed.
(b) The existing form or forms of money are removed from circulation.
(c) When old currency is brought back for usage.

(d) When the country wants to segregate white money.
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