Open Market Operations refer to: MCQ with Answer and Explanation

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Open Market Operations refer to:

A. issue of new currency notes

B. trading in stock exchanges

C. sale and purchase of government securities by the RBI

D. lending by commercial banks to customers

Answer: Option C

Solution (By JKSSB Mock Tests)

Open Market Operations are the sale and purchase of government securities by the RBI to regulate liquidity.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Child and Adolescent Labour (Prohibition and Regulation) Act' was amended in which year?

A. 2010

B. 2016

C. 2020

D. 2018

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Correct Answer: Option B

Explanation:
The Child Labour Act was amended in 2016.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on services provided by SEBI is:

A. 18%

B. exempt

C. 0%

D. 5%

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Correct Answer: Option B

Explanation:
SEBI services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The least-cost combination of inputs for a producer occurs where:

A. total product is maximum

B. the isoquant intersects the isocost line at any point

C. the isoquant is tangent to the isocost line

D. marginal cost is zero

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Correct Answer: Option C

Explanation:
Producer equilibrium for least cost is achieved at the tangency of an isoquant and isocost line.

This question belongs to: Economy GK Economy Set 1

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