Commercial paper is a short-term instrument issued by: MCQ with Answer and Explanation

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Commercial paper is a short-term instrument issued by:

A. individuals

B. RBI

C. highly rated corporate borrowers

D. state governments

Answer: Option C

Solution (By JKSSB Mock Tests)

Commercial paper is an unsecured short-term instrument issued by highly rated corporate borrowers.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is an example of a transfer payment?

A. Interest paid on government borrowings

B. Pension paid to retired employees

C. Payment for purchase of goods

D. Salary paid to government employees

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Correct Answer: Option B

Explanation:
Transfer payments are unilateral payments for which no goods or services are received in return, such as pensions, scholarships and unemployment allowances. Interest on borrowings is also a transfer, but pension is a classic example.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'IMF' publishes which report?

A. Global Competitiveness Report

B. World Economic Outlook

C. Human Development Report

D. World Development Report

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Correct Answer: Option B

Explanation:
IMF publishes World Economic Outlook.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'national income' can be expressed as NNP at factor cost, which equals NNP at market prices minus:

A. depreciation

B. subsidies

C. direct taxes

D. indirect taxes plus subsidies

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Correct Answer: Option D

Explanation:
NNP at factor cost = NNP at market prices - indirect taxes + subsidies.

This question belongs to: Economy GK Economy Set 1

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