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

Question

Share Report Error

In the context of money, 'Near Money' refers to:

A. Currency notes and coins

B. Gold and silver only

C. Demand deposits only

D. Highly liquid assets that can be quickly converted into money

Answer: Option D

Solution (By JKSSB Mock Tests)

Near money refers to highly liquid assets such as time deposits, treasury bills and savings bonds that can be easily converted into cash with little loss of value.

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 'UJALA' scheme is related to:

A. distribution of LED bulbs

B. electricity connections

C. LPG connections

D. water connections

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
UJALA distributes energy-efficient LED bulbs.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'International Court of Justice' is headquartered at:

A. Geneva

B. The Hague

C. Vienna

D. New York

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The International Court of Justice is headquartered at The Hague, Netherlands.

This question belongs to: Economy GK Economy Set 1

Question #3

The e-way bill under GST is required for the movement of goods with a value exceeding:

A. Rs 2,00,000

B. Rs 1,00,000

C. Rs 50,000

D. Rs 10,000

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
An e-way bill is required for movement of goods valued above Rs 50,000.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs