Special Drawing Rights are: MCQ with Answer and Explanation

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Special Drawing Rights are:

A. loans given by WTO

B. a type of bond issued by ADB

C. currency of the World Bank

D. an international reserve asset created by the IMF

Answer: Option D

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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Which of the following is the correct sequence of stages in the business cycle?

A. Peak, Expansion, Trough, Contraction

B. Trough, Peak, Expansion, Contraction

C. Contraction, Expansion, Peak, Trough

D. Expansion, Peak, Contraction, Trough

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Correct Answer: Option D

Explanation:
The typical stages of a business cycle are expansion (recovery), peak (boom), contraction (recession) and trough (depression), and then the cycle repeats.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'accelerator coefficient' is the ratio of:

A. saving to investment

B. change in investment to change in output

C. investment to output

D. investment to consumption

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Correct Answer: Option B

Explanation:
The accelerator is the ratio of induced investment to a change in output.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Economic Survey' is tabled in Parliament before the:

A. Monsoon Session

B. Winter Session

C. Railway Budget

D. Union Budget

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Correct Answer: Option D

Explanation:
The Economic Survey is tabled just before the Union Budget.

This question belongs to: Economy GK Economy Set 1

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