External commercial borrowing refers to: MCQ with Answer and Explanation

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External commercial borrowing refers to:

A. borrowing by the government from the RBI

B. borrowing from domestic banks

C. borrowing by Indian firms from foreign lenders

D. foreign direct investment

Answer: Option C

Solution (By JKSSB Mock Tests)

External commercial borrowing is commercial loans raised by Indian firms from foreign lenders.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Blue Revolution' in India is associated with which commodity?

A. Oilseeds

B. Milk

C. Fish

D. Pulses

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Correct Answer: Option C

Explanation:
The Blue Revolution is associated with fisheries development.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'supply-side economics' emphasizes which policies?

A. increasing money supply

B. increasing aggregate demand

C. raising taxes

D. reducing tax rates and regulation to increase output

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Correct Answer: Option D

Explanation:
Supply-side economics emphasizes lower taxes and reduced regulation to stimulate production.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'unemployment rate' under usual status considers a person unemployed if:

A. retired

B. not working for one day

C. not working for a week

D. not working for a long period and seeking work

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Correct Answer: Option D

Explanation:
Usual status unemployment refers to unemployment over a long reference period.

This question belongs to: Economy GK Economy Set 1

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