The 'Bank of Japan' is the central bank of: MCQ with Answer and Explanation

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The 'Bank of Japan' is the central bank of:

A. Taiwan

B. South Korea

C. China

D. Japan

Answer: Option D

Solution (By JKSSB Mock Tests)

The Bank of Japan is the central bank of Japan.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Red Revolution' in India is associated with:

A. wheat

B. meat and tomato production

C. sugarcane

D. rice

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Correct Answer: Option B

Explanation:
The Red Revolution is associated with meat and tomato production.

This question belongs to: Economy GK Economy Set 1

Question #2

An inflationary gap exists when:

A. actual output is below potential output

B. aggregate demand exceeds full employment output

C. unemployment is high

D. aggregate demand is less than full employment output

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Correct Answer: Option B

Explanation:
An inflationary gap occurs when aggregate demand exceeds what the economy can produce at full employment.

This question belongs to: Economy GK Economy Set 1

Question #3

Reverse repo rate is the rate at which the RBI:

A. lends to the central government

B. borrows funds from commercial banks

C. rediscounts bills

D. lends to banks

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Correct Answer: Option B

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

This question belongs to: Economy GK Economy Set 1

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