In a liquidity adjustment facility, the reverse repo rate is typically how much below the repo rate? MCQ with Answer and Explanation

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In a liquidity adjustment facility, the reverse repo rate is typically how much below the repo rate?

A. 2.00 percentage points

B. 0.50 percentage points

C. 1.00 percentage point

D. 0.25 percentage points

Answer: Option B

Solution (By JKSSB Mock Tests)

The reverse repo rate is usually 0.50 percentage points below the repo rate, though the actual gap may vary.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a standard classification of unemployment based on cause?

A. Only disguised unemployment as the sole category

B. Frictional, structural, cyclical and seasonal

C. Only voluntary unemployment

D. Only natural rate as the sole category

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Correct Answer: Option B

Explanation:
Unemployment is commonly classified by cause into frictional, structural, cyclical and seasonal categories.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' rate on footwear up to Rs 1,000 is:

A. 5%

B. 0%

C. 12%

D. 18%

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Correct Answer: Option A

Explanation:
Footwear up to Rs 1,000 attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Uruguay Round' of GATT negotiations concluded in:

A. 1990

B. 1994

C. 1986

D. 2000

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Correct Answer: Option B

Explanation:
The Uruguay Round concluded in 1994 and led to the creation of the WTO.

This question belongs to: Economy GK Economy Set 1

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