Repo rate is the rate at which the Reserve Bank of India: MCQ with Answer and Explanation

Question

Share Report Error

Repo rate is the rate at which the Reserve Bank of India:

A. lends short-term funds to commercial banks against government securities

B. accepts deposits from public

C. borrows money from commercial banks

D. lends to the government

Answer: Option A

Solution (By JKSSB Mock Tests)

Repo rate is the rate at which the RBI lends short-term funds to banks against government securities.

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 'Goods and Services Tax' on horse racing is:

A. 28%

B. 18%

C. 5%

D. 12%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Horse racing services attract 28% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

In oligopoly, the kinked demand curve model was developed by:

A. Edward Chamberlin

B. Joan Robinson

C. Paul Sweezy

D. A.C. Pigou

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Paul Sweezy developed the kinked demand curve model to explain price rigidity in oligopolistic markets.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Anti-profiteering Authority' under GST was headed by a:

A. RBI Governor

B. Supreme Court judge

C. Secretary-level officer

D. Finance Minister

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
NAA was headed by a Secretary-level officer.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs