M0 in India is also known as: MCQ with Answer and Explanation

Question

Share Report Error

M0 in India is also known as:

A. high-powered money plus time deposits

B. narrow money

C. broad money

D. reserve money

Answer: Option D

Solution (By JKSSB Mock Tests)

M0 is reserve money or high-powered money, comprising currency in circulation plus bankers' deposits with RBI and other deposits.

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

Share Report

The 'Periodic Labour Force Survey' is conducted by:

A. NITI Aayog

B. RBI

C. National Statistical Office

D. Ministry of Labour

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Periodic Labour Force Survey is conducted by the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'International Monetary Fund' was established in 1944 but began operations in which year?

A. 1947

B. 1945

C. 1950

D. 1952

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The IMF began operations in 1947.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The term 'Fiscal Consolidation' refers to policies aimed at:

A. Only increasing tax rates without expenditure reform

B. Increasing the fiscal deficit continuously

C. Reducing the fiscal deficit and improving the sustainability of public finances

D. Only printing money to finance deficits

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Fiscal consolidation involves measures to reduce the fiscal deficit and put government debt on a sustainable path through a combination of revenue and expenditure reforms.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs