The 'asymmetric corridor' in Indian monetary policy refers to: MCQ with Answer and Explanation

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The 'asymmetric corridor' in Indian monetary policy refers to:

A. different widths of the corridor at different times or instruments

B. fixed exchange rate bands

C. repo and reverse repo being equidistant from the policy rate

D. dual GST rates

Answer: Option A

Solution (By JKSSB Mock Tests)

The asymmetric corridor refers to variations in the distance between policy rate, MSF and reverse repo rates.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Mahatma Gandhi Rural Employment Guarantee Act' was enacted in:

A. 2005

B. 2004

C. 2009

D. 2007

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Correct Answer: Option A

Explanation:
MGNREGA was enacted in 2005.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on edible oils is:

A. 18%

B. 12%

C. 0%

D. 5%

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Correct Answer: Option D

Explanation:
Edible oils attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Income Committee' was chaired by:

A. C.R. Krishnaswamy

B. V.K.R.V. Rao

C. D.R. Gadgil

D. P.C. Mahalanobis

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Correct Answer: Option D

Explanation:
The National Income Committee was chaired by P.C. Mahalanobis.

This question belongs to: Economy GK Economy Set 1

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