IASbaba Daily Current Affairs Quiz [Day 130]

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Q.1) Which of the following exchange rate system is being followed in India??

1. Flexible Exchange Rate System
2. Fixed Exchange Rate System
3. Managed Floating Exchange Rate System
4. Free Floating Exchange Rate System 

Q.2) ‘Fiat Money’ is the currency backed by

1. Budgetary support
2. Gold reserves
3. Tangible assets
4. Government Guarantee

Q.3) A fractional reserve banking system operates so that

1. a fraction of depositors’ money is available to them at any given time
2. a fraction of depositors’ money is held in reserve by banks
3. banks lend the full amount of people’s deposits
4. None of the above

Q.4) Shahpurkandi dam project is located in

1. Uttarakhand
2. Jammu & Kashmir
3. Punjab
4. Haryana

Q.5) Consider the following the statements about International Conference on Theory and Practice of Electronic Governance (ICEGOV 2017)

1. It was established by the United Nations University
2. India will host the 10^th edition of ICEGOV

Select the correct statements

1. Only 1
2. Only 2
3. Both 1 and 2
4. Neither 1 nor 2

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All the best

IASbaba