External benchmark linked lending rates require banks to link retail and MSME loans to: MCQ with Answer and Explanation

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External benchmark linked lending rates require banks to link retail and MSME loans to:

A. base rate only

B. MCLR only

C. fixed deposit rate

D. external benchmarks such as repo rate or Treasury bill yield

Answer: Option D

Solution (By JKSSB Mock Tests)

Banks link retail and MSME loans to external benchmarks such as the repo rate or Treasury bill yields.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Phillips curve' shows trade-off between:

A. unemployment and growth

B. inflation and unemployment

C. interest rates and inflation

D. inflation and growth

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Correct Answer: Option B

Explanation:
Phillips curve shows inverse relationship between inflation and unemployment.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'direct tax' includes which of the following?

A. Excise duty

B. GST

C. Customs duty

D. Income tax

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Correct Answer: Option D

Explanation:
Income tax is a direct tax.

This question belongs to: Economy GK Economy Set 1

Question #3

Deflation is best defined as:

A. a sustained fall in the general price level

B. a rise in unemployment

C. a fall in GDP

D. a decrease in the rate of inflation

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Correct Answer: Option A

Explanation:
Deflation is a sustained fall in the general price level.

This question belongs to: Economy GK Economy Set 1

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