Broad money M3 in India consists of M1 plus: MCQ with Answer and Explanation

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Broad money M3 in India consists of M1 plus:

A. only post office deposits

B. government deposits

C. foreign currency reserves

D. time deposits with banks

Answer: Option D

Solution (By JKSSB Mock Tests)

M3 is M1 plus time deposits with banks.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Reserve Bank of India' issues currency notes of denominations up to:

A. Rs 1,000

B. Rs 5,000

C. Rs 100

D. Rs 10,000

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Correct Answer: Option A

Explanation:
RBI issues currency notes up to Rs 1,000 denomination, while one rupee notes are issued by Government of India.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'United Nations' has how many principal organs?

A. 7

B. 5

C. 4

D. 6

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Correct Answer: Option D

Explanation:
The United Nations has six principal organs.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'International Fisher Effect' relates exchange rate changes to:

A. trade balances

B. interest rate differentials

C. inflation differentials

D. reserve levels

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Correct Answer: Option B

Explanation:
The International Fisher Effect suggests currencies with higher nominal interest rates will depreciate due to inflation.

This question belongs to: Economy GK Economy Set 1

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