Cash Reserve Ratio is the percentage of net demand and time liabilities that banks must: MCQ with Answer and Explanation

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Cash Reserve Ratio is the percentage of net demand and time liabilities that banks must:

A. lend to the priority sector

B. keep as cash with the RBI

C. invest in government securities

D. invest in gold

Answer: Option B

Solution (By JKSSB Mock Tests)

CRR requires banks to keep a prescribed percentage of NDTL as cash reserves with the RBI.

This question belongs to: Economy GK Economy Set 1

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The 'Index of Industrial Production' in India uses which base year?

A. 2019-20

B. 2004-05

C. 2016-17

D. 2011-12

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Correct Answer: Option D

Explanation:
IIP uses base year 2011-12.

This question belongs to: Economy GK Economy Set 1

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The 'International Atomic Energy Agency' is headquartered in:

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C. Paris

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Correct Answer: Option D

Explanation:
The International Atomic Energy Agency is headquartered in Vienna, Austria.

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The 'Goods and Services Tax' on print media advertising is:

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Correct Answer: Option D

Explanation:
Advertising in print media attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

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