The 'Asian Infrastructure Investment Bank' was established in which year? MCQ with Answer and Explanation

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The 'Asian Infrastructure Investment Bank' was established in which year?

A. 2015

B. 2016

C. 2013

D. 2017

Answer: Option A

Solution (By JKSSB Mock Tests)

AIIB was established in 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In the context of monetary policy, 'Forward Guidance' refers to:

A. Communication by the central bank about the likely future path of policy rates

B. Only changes in the current policy rate

C. Only reserve requirements

D. Only quantitative easing

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Correct Answer: Option A

Explanation:
Forward guidance is a policy tool in which the central bank communicates its intentions regarding the future path of the policy rate or other policy instruments in order to influence longer-term rates and expectations.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'inflation targeting' in India uses which index as the nominal anchor?

A. CPI-IW only

B. CPI-Combined

C. GDP deflator

D. WPI

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Correct Answer: Option B

Explanation:
RBI's inflation targeting uses CPI-Combined as the nominal anchor.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Kisan Credit Card' was introduced in which year?

A. 2005

B. 1995

C. 1998

D. 2001

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Correct Answer: Option C

Explanation:
Kisan Credit Card was introduced in 1998.

This question belongs to: Economy GK Economy Set 1

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