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. highly rated corporate borrowers

B. individuals

C. state governments

D. RBI

Answer: Option A

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

The 'Goods and Services Tax' on intra-state supply comprises:

A. SGST only

B. IGST

C. CGST only

D. CGST and SGST/UTGST

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Correct Answer: Option D

Explanation:
Intra-state supplies attract both CGST and SGST/UTGST.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Creative Destruction' is associated with the work of:

A. John Maynard Keynes

B. Adam Smith

C. Joseph Schumpeter

D. David Ricardo

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Correct Answer: Option C

Explanation:
Joseph Schumpeter described creative destruction as the process by which innovation continuously revolutionises the economic structure from within, destroying old industries and creating new ones.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'International Solar Alliance' was launched at which conference?

A. G20 Summit

B. WTO Ministerial

C. COP21 Paris

D. BRICS Summit

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Correct Answer: Option C

Explanation:
The International Solar Alliance was launched at the COP21 Paris climate conference in 2015.

This question belongs to: Economy GK Economy Set 1

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