Special Drawing Rights are: MCQ with Answer and Explanation

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Special Drawing Rights are:

A. currency of the World Bank

B. loans given by WTO

C. an international reserve asset created by the IMF

D. a type of bond issued by ADB

Answer: Option C

Solution (By JKSSB Mock Tests)

SDRs are an international reserve asset created by the IMF.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Disinvestment in a public sector enterprise is classified in the government budget as:

A. revenue expenditure

B. revenue receipt

C. capital receipt

D. transfer payment

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Correct Answer: Option C

Explanation:
Disinvestment proceeds are capital receipts as they arise from sale of assets.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Social Marginal Cost' is relevant for:

A. Correcting externalities and optimal provision of public goods

B. Only calculating private profits

C. Private decision making only

D. Only determining market prices

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Correct Answer: Option A

Explanation:
Social marginal cost includes both private costs and external costs. It is used in the analysis of externalities and in determining the socially optimal level of output.

This question belongs to: Economy GK Economy Set 1

Question #3

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The term 'Reverse Repo Rate' is the rate at which:

A. Banks borrow from the public

B. Banks lend to RBI

C. RBI lends to banks

D. Government borrows from banks

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Correct Answer: Option B

Explanation:
Reverse Repo Rate is the rate at which the RBI borrows money from commercial banks, absorbing excess liquidity from the system.

This question belongs to: Economy GK Economy Set 1

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