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

Question

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

A. South Korea

B. Taiwan

C. Japan

D. China

Answer: Option C

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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Question #1

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The 'Goods and Services Tax' compensation cess is collected by:

A. local bodies

B. GST council

C. state governments

D. central government

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Correct Answer: Option D

Explanation:
Compensation cess is collected by the central government.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Pre-distribution' in policy debates refers to:

A. Only post-tax outcomes

B. Policies that shape the distribution of market incomes before taxes and transfers, such as education, minimum wages and competition policy

C. Only monetary policy

D. Only redistribution through taxes and transfers

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Correct Answer: Option B

Explanation:
Pre-distribution emphasises interventions that affect the underlying distribution of market incomes—through skills, bargaining power, market structure and institutions—rather than relying solely on subsequent fiscal redistribution.

This question belongs to: Economy GK Economy Set 1