In the context of money, 'Near Money' includes: MCQ with Answer and Explanation

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In the context of money, 'Near Money' includes:

A. Only demand deposits

B. Currency notes and coins only

C. Only gold reserves

D. Time deposits, savings deposits and other highly liquid assets

Answer: Option D

Solution (By JKSSB Mock Tests)

Near money refers to assets that are highly liquid and can be converted into cash quickly with minimal loss of value, such as time deposits and certain money market instruments.

This question belongs to: Economy GK Economy Set 1

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The 'Goods and Services Tax' rate on milk is:

A. 0%

B. 5%

C. 12%

D. 18%

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Correct Answer: Option A

Explanation:
Fresh milk is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'SAARC Preferential Trading Arrangement' became operational in which year?

A. 2000

B. 1995

C. 1990

D. 2005

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Correct Answer: Option B

Explanation:
SAPTA became operational in 1995.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'stagflation' is a combination of:

A. low inflation and high unemployment

B. high inflation and high unemployment

C. high inflation and low unemployment

D. low inflation and low unemployment

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Correct Answer: Option B

Explanation:
Stagflation is high inflation combined with high unemployment and stagnant demand.

This question belongs to: Economy GK Economy Set 1

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