Moral suasion by the RBI refers to: MCQ with Answer and Explanation

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Moral suasion by the RBI refers to:

A. buying securities from banks

B. raising reserve requirements

C. persuasion and advice to banks to follow monetary policy objectives

D. legal penalties on banks

Answer: Option C

Solution (By JKSSB Mock Tests)

Moral suasion is a non-statutory instrument of persuasion by the RBI to influence bank behaviour.

This question belongs to: Economy GK Economy Set 1

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The 'Banking Ombudsman' is appointed for a tenure of:

A. 5 years

B. 1 year

C. 3 years

D. 6 years

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Correct Answer: Option C

Explanation:
Banking Ombudsmen are appointed for a three-year term.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Commission for Women' is a:

A. judicial body

B. private body

C. constitutional body

D. statutory body

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Correct Answer: Option D

Explanation:
The National Commission for Women is a statutory body established in 1992.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Universal Basic Income' proposes:

A. Only unemployment insurance for the temporarily jobless

B. Only targeted transfers to the poor conditional on work

C. Only in-kind transfers

D. An unconditional cash transfer paid regularly to all individuals regardless of employment status or income

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Correct Answer: Option D

Explanation:
Universal basic income is a policy proposal under which every citizen receives a regular, unconditional sum of money from the government, irrespective of other income or employment status.

This question belongs to: Economy GK Economy Set 1

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