Reverse repo rate is the rate at which the RBI: MCQ with Answer and Explanation

Question

Share Report Error

Reverse repo rate is the rate at which the RBI:

A. rediscounts bills

B. borrows funds from commercial banks

C. lends to banks

D. lends to the central government

Answer: Option B

Solution (By JKSSB Mock Tests)

Reverse repo rate is the rate at which the RBI borrows funds from commercial banks.

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 'Employees' Provident Fund Organisation' operates under which ministry?

A. Ministry of Labour and Employment

B. Ministry of Finance

C. Ministry of Corporate Affairs

D. Ministry of Social Justice

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
EPFO operates under the Ministry of Labour and Employment.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of the 'Easterlin Paradox'?

A. Only relative income matters and absolute income is irrelevant even within countries

B. Happiness always rises proportionally with income both within and across countries

C. Income has no relation to happiness at any level

D. Within countries, higher income is associated with higher happiness, but over time average happiness does not rise with average income

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The Easterlin Paradox observes that, while richer individuals within a country tend to report higher happiness, average national happiness does not increase systematically as national income grows over the long run.

This question belongs to: Economy GK Economy Set 1

Question #3

The Food Corporation of India is responsible for:

A. providing crop loans

B. procurement, storage and distribution of food grains

C. controlling inflation

D. regulating stock exchanges

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
FCI handles procurement, storage and distribution of food grains for the public distribution system.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs