UPSC Prelims PYQ | Currency
Q1. “Gresham’s Law” in Economics relates to (a) Supply and demand (b) Circulation of currency (c) Consumption and supply (d) Distribution of goods and services (UPSC Prelims 1979) Answer: (b) Circulation of currency Explanation: Gresham’s Law states that “bad money drives out good” in circulation. When two forms of currency are accepted, the less valuable …