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. government deposits

B. foreign currency reserves

C. only post office deposits

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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Practice More Economy Set 1 Questions

Question #1

The concept of 'Terms of Trade' is defined as:

A. The ratio of export prices to import prices

B. The ratio of import prices to export prices

C. The volume of exports only

D. The value of capital inflows

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Correct Answer: Option A

Explanation:
Terms of trade measure the relative prices of a country's exports to its imports, usually expressed as an index. An improvement means more imports can be obtained per unit of exports.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on DTH services is:

A. 28%

B. 18%

C. 5%

D. 12%

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Correct Answer: Option B

Explanation:
DTH services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

Price discrimination is most commonly possible under which market structure?

A. Monopoly

B. Monopolistic competition

C. Oligopoly

D. Perfect competition

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Correct Answer: Option A

Explanation:
A monopolist can practise price discrimination because it has market power and can prevent resale.

This question belongs to: Economy GK Economy Set 1

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