Bissoy.com
Doctors Medicines MCQs Q&A

The European Central Bank has announced phasing out the highest value Euro bank note. What is the denomination of the note?

The European Central Bank has announced phasing out the highest value Euro bank note. What is the denomination of the note? Correct Answer 500

The correct answer is 500.

Important Points

  • The European Central Bank (ECB) is the prime component of the European System of Central Banks as well as one of seven institutions of the European Union.
  • The ECB was established by the Treaty of Amsterdam in May 1999 with the purpose of guaranteeing and maintaining price stability.
  • The ECB is directly governed by European Union law. Its capital stock, worth €11 billion, is owned by all 27 central banks of the EU member states as shareholders.
  • The five hundred euro note (€500) is the highest-value euro banknote and was produced between the introduction of the euro in 2002 until 2014.
  • Since 27 April 2019, the 500 euro banknote has no longer been issued by central banks in the euro area, but continues to be legal tender and can be used as a means of payment.
  • Euro was introduced in 1999 and circulation of notes and coins began in 2002.
  • Denominations of the notes range from €5 to €500.

Related Questions

In the context of bilateral trade negotiations between India and the European Union, what is the difference between European Commission and European Council? 1. European Commission represents the EU in trade negotiations whereas the European Council partici­pates in the legislation of matters pertaining to economic policies of the European Union. 2. European Commission comprises of the Heads of State or government of member countries whereas the European Council comprises of the persons nominated by European Parliament. Which of the statements given above is/are correct?
Tarun has Rs. 2600 in the denomination of Rs. 100. Rs. 50 and Rs. 20 notes. The number of notes of Rs. 100 denomination is twice the number of notes of Rs. 50 denomination and the number of notes of Rs. 20 denomination is half the number of Rs. 50 denomination. What is the total number of notes that Tarun has?
Varun has Rs. 51,000 in the denomination of Rs. 2000, Rs. 500 and Rs. 200 notes. The number of notes of Rs. 500 denomination is half the number of notes of Rs. 2000 denomination and the number of notes of Rs 200 denomination is 1.5 times the number of Rs 2000 denomination. What is the total number of notes that Varun has?
A person has two piggy banks. The ratio of Rs. 1, Rs. 5 and Rs. 10 coins in the first piggy bank is 23 : 12 : 7 and in the second piggy bank the ratio of Rs. 2, Rs. 5 and Rs. 10 coins is 17 : 16 : 11. If both the piggy banks together have Rs. 160 in the denomination of Rs. 1 and Rs. 2. In the first piggy bank the total value of the coins of denomination of Rs. 10 is Rs. 60 more than the second piggy bank. Then how much money is there in both the piggy banks?
Jithu has 60 currency notes, in which some notes are of denomination Rs. 100 and remaining are of denomination Rs.500. The total amount of these currency notes is Rs. 10000. How much amount did she have in the denomination of Rs. 500?
Neha has 115 currency notes in all, some of which were of Rs.10 denomination and the remaining of Rs.20 denomination. The total amount of all these currency notes was Rs.1770. How much amount did she have in the denomination of Rs.20?
Which among the following is NOT a correct statement?  1. The Reserve Bank of India worked as Central Bank of Burma till April 1947 2. The Reserve Bank of India worked as Central Bank of Pakistan till June 1948 3. The Reserve Bank of India worked as Central Bank of Bangladesh from January 1972 to December 1975 4. The Reserve Bank of India commenced its operations on April 1, 1935 
Saudi Arabia has announced an aid of $200 million to Yemen to help stabilize the country’s economy and increase the value of the Yemeni rial. The Yemeni rial has nearly lost half its value this time amidst the ongoing war. Which of the following is not in-line with the given statement? I:  The Yemeni rial has nearly tripled its value amidst the ongoing war. II: Saudi Arabia has announced aid to help stabilize the country’s economy. III: Saudi Arabia has announced an aid to increase the value of the Yemeni rial.
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: In a bid to find a successor to founder CEO Rana Kapoor, The Yes Bank has formed a five member panel including two members from outside the bank, less than a week after Reserve Bank of India (RBI) cut short his tenure until January 31 2019. In a press release sent to the exchanges late on Tuesday evening, Yes Bank said that the “search and selection committee” would comprise of three members of the bank’s nomination and remuneration committee and also two external members, which the bank did not specify.  Courses of action: I. However, the board has requested the Reserve Bank of India (RBI) to grant an extension to Kapoor up to September 2019 ‘for finalization of audited financial statements for fiscal year ending March 2019 and in order for the statutory AGM process to be completed’. II. The board has also recommended the elevation of senior group presidents Rajat Monga and Pralay Mondal as executive directors ‘to ensure a long term succession plan within Yes Bank, and given the demonstrated track record of these two senior leaders’. All this will be subject to RBI approval.  III. The panel will comprise of five members and will focus on find a successor to Rana Kapoor.
In December 2021, the Government of India and the German Development Bank signed agreements for 140 million Euro reduced interest loan and 2 million Euro grant for Energy Reform Programme in which state?