External commercial borrowing refers to: MCQ with Answer and Explanation

Question

Share Report Error

External commercial borrowing refers to:

A. borrowing from domestic banks

B. foreign direct investment

C. borrowing by the government from the RBI

D. borrowing by Indian firms from foreign lenders

Answer: Option D

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'NITI Aayog' was established through a resolution of:

A. Supreme Court

B. Parliament

C. President

D. Union Cabinet

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
NITI Aayog was established by a Union Cabinet resolution on 1 January 2015.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Payments Corporation of India' operates which of the following?

A. UPI and RuPay

B. BSE

C. NSE

D. IRDAI

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
NPCI operates retail payment systems such as UPI, RuPay, NACH and IMPS.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Taylor rule' is used by central banks to set:

A. exchange rates

B. foreign exchange reserves

C. policy interest rates based on inflation and output gap

D. reserve requirements

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Taylor rule prescribes setting policy interest rates based on inflation and output gap.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs