Certificate of deposit is issued by: MCQ with Answer and Explanation

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Certificate of deposit is issued by:

A. RBI only

B. mutual funds

C. stock exchanges

D. banks and financial institutions

Answer: Option D

Solution (By JKSSB Mock Tests)

Certificates of deposit are issued by banks and financial institutions.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Tax revenue of the central government is classified under:

A. revenue receipts

B. borrowings

C. non-tax revenue

D. capital receipts

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Correct Answer: Option A

Explanation:
Tax revenue is a revenue receipt.

This question belongs to: Economy GK Economy Set 1

Question #2

The yield on a bond and its price have an inverse relationship. If market interest rates rise, the price of an existing bond:

A. becomes zero

B. remains unchanged

C. falls

D. rises

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Correct Answer: Option C

Explanation:
When market interest rates rise, existing bond prices fall because their fixed coupon becomes less attractive.

This question belongs to: Economy GK Economy Set 1

Question #3

If nominal GDP is Rs 12,500 crore and real GDP is Rs 10,000 crore, the GDP deflator is:

A. 100

B. 125

C. 80

D. 150

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Correct Answer: Option B

Explanation:
GDP deflator = (12500/10000) × 100 = 125.

This question belongs to: Economy GK Economy Set 1

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