{"id":32776,"date":"2024-04-15T09:06:39","date_gmt":"2024-04-15T09:06:39","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32776"},"modified":"2024-04-15T09:06:39","modified_gmt":"2024-04-15T09:06:39","slug":"assertion-a-the-central-bank-of-the-country-is-responsible-to-maintain-stability-of-the-monetary-standard-which-involves-currency-circulation-reason-r-the-central-bank-is-the-only-authorised-en","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/assertion-a-the-central-bank-of-the-country-is-responsible-to-maintain-stability-of-the-monetary-standard-which-involves-currency-circulation-reason-r-the-central-bank-is-the-only-authorised-en\/","title":{"rendered":"Assertion (A): The Central Bank of the country is responsible to maintain stability of the monetary standard which involves currency circulation. Reason (R): The Central Bank is the only authorised entity to do so."},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a981ba33eae0\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Both (A) and (R) are true                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"true\">\r\n                    Both (A) and (R) are false                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    (A) is true, but (R) is false                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    (R) is true, but (A) is false                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>Both (A) and (R) are true.<\/strong><\/p>\n<p>The Central Bank of a country is responsible for maintaining the stability of the monetary system. This includes managing the money supply, setting interest rates, and regulating financial institutions. The Central Bank is also responsible for issuing currency and coins.<\/p>\n<p>The Central Bank is the only authorized entity to issue currency and coins in a country. This is because the Central Bank is responsible for maintaining the stability of the monetary system. If other entities were allowed to issue currency, it would be difficult for the Central Bank to control the money supply and interest rates. This could lead to inflation or deflation, which would be harmful to the economy.<\/p>\n<p>Therefore, both (A) and (R) are true. The Central Bank is responsible for maintaining the stability of the monetary system, and it is the only authorized entity to issue currency and coins.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option A: Both (A) and (R) are true. This is the correct answer. The Central Bank is responsible for maintaining the stability of the monetary system, and it is the only authorized entity to issue <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n     <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>        <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> currency and coins.<\/li>\n<li>Option B: Both (A) and (R) are false. This is not the correct answer. The Central Bank is responsible for maintaining the stability of the monetary system, and it is the only authorized entity to issue currency and coins.<\/li>\n<li>Option C: (A) is true, but (R) is false. This is not the correct answer. The Central Bank is responsible for maintaining the stability of the monetary system, and it is the only authorized entity to issue currency and coins.<\/li>\n<li>Option D: (R) is true, but (A) is false. This is not the correct answer. The Central Bank is responsible for maintaining the stability of the monetary system, and it is the only authorized entity to issue currency and coins.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Assertion (A): The Central Bank of the country is responsible to maintain stability of the monetary standard which involves currency circulation. 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