In the context of money supply, M3 is also known as: MCQ with Answer and Explanation

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In the context of money supply, M3 is also known as:

A. High-powered money

B. Broad money

C. Narrow money

D. Reserve money

Answer: Option B

Solution (By JKSSB Mock Tests)

M3 is referred to as broad money and includes M1 plus time deposits with banks. Reserve money or high-powered money is the monetary base.

This question belongs to: Economy GK Economy Set 1

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The 'National Investment and Manufacturing Zones' are part of which policy?

A. National Manufacturing Policy

B. Startup India

C. Digital India

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Correct Answer: Option A

Explanation:
National Investment and Manufacturing Zones are part of the National Manufacturing Policy.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of market failure, externalities lead to:

A. Zero role for government intervention

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Correct Answer: Option B

Explanation:
Externalities cause a divergence between private and social costs (or benefits), leading to over- or under-production relative to the socially optimal level.

This question belongs to: Economy GK Economy Set 1

Question #3

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A. 2°C above pre-industrial levels

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C. 1°C

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Correct Answer: Option A

Explanation:
The Paris Agreement aims to limit warming to well below 2°C, preferably 1.5°C.

This question belongs to: Economy GK Economy Set 1

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